China is set to implement an “appropriately loose” monetary policy next year, a move aimed at supporting economic growth. This announcement comes from state media reports following a recent Politburo meeting, marking the first shift towards loosening monetary policy since 2010.
According to Xinhua, China plans to adopt a more proactive fiscal policy and increase “unconventional” counter-cyclical adjustments to stimulate the economy. Officials emphasized the need to “vigorously” enhance consumption and expand domestic demand in various sectors.
Looking ahead to 2025, authorities aim to balance progress with stability, ensuring that innovation drives growth while maintaining economic stability.
China previously adopted a loose monetary policy in response to the 2008 global financial crisis, transitioning to a more prudent approach in late 2010.
Key words: #ChinaMonetaryPolicy #EconomicGrowth #FiscalPolicy #Consumption #DomesticDemand #EconomicStimulus