China’s top leaders signaled more stimulus for next year with the first shift in their monetary policy stance in some 14 years, as Beijing braces for a second trade war when Donald Trump takes office next month.
The Politburo, comprising the ruling Communist Party’s most senior 24 officials and led by President Xi Jinping, announced it will embrace a “moderately loose” strategy for monetary policy in 2025. The body also adopted stronger language on fiscal policy in a readout of its December meeting, saying it’ll be “more proactive” — a change from “proactive.”
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