Chinese Stocks Surge on Promises of Economic Stimulus

Chinese stocks and bond prices rose after the country's leaders pledged to implement a "moderately loose" monetary policy to boost economic growth. The CSI 300 stock index increased by 1.4%, and 10-year bond yields hit a record low, as investors anticipated further interest rate cuts. The politburo, led by President Xi Jinping, promised "unconventional" measures to stabilize the stock market and property sector, alongside "more proactive" fiscal policies to enhance consumption. Despite weak import and inflation data, China's exports grew, though at a slower pace, amid concerns over potential US tariffs.