China Eases Monetary Policy Stance, Vows More Fiscal Support

From bnnbloomberg.ca

China’s top leaders plan to loosen monetary policy and expand fiscal spending next year, as Beijing braces for a second trade war when Donald Trump takes office next month. The 24-man Politburo led by President Xi Jinping announced it will embrace a “moderately loose” strategy for monetary policy in 2025, marking its first major shift in stance since 2011. The body also adopted stronger language on fiscal policy, according to the official Xinhua News Agency, saying it’ll be “more proactive” — a step up from “proactive.” Signaling greater resolve to shore up confidence, officials at the December ... (full story)