China Eases Monetary Policy After 13 Years to Spur Economic Growth
- THE CHINA NOW
- Dec 9, 2024
- 2 min read
Summary
China announced its first monetary policy shift since 2010, adopting an "appropriately loose" stance to boost economic growth.
The Politburo pledged proactive fiscal measures and "unconventional" counter-cyclical adjustments to stabilize the economy.
Officials emphasized boosting domestic consumption and expanding demand as top economic priorities for 2025.
For the first time since 2010, China’s top policymakers have decided to shift toward an "appropriately loose" monetary policy, signaling an intensified effort to stimulate economic growth amid rising domestic and global challenges. The announcement came after a Politburo meeting chaired by President Xi Jinping, according to state-run Xinhua News Agency.