由 jpichiban Mon, 09 Dec 2024 08:18:23 GMT
Chinese President Xi Jinping attends a reception dinner at the Great Hall of the People ahead of China’s National Day in Beijing, China on September 28, 2023.Jade Gao | Pool | via ReutersChina’s leaders on Monday pledged “more proactive” fiscal measures and “moderately” looser monetary policy next year to boost domestic consumption, according to an official readout of a key policy meeting that outlined upcoming economic priorities.The Politburo, a top decision-making body led by President Xi Jinping, said it will stabilize property and stock markets while strengthening the “unconventional counter-cyclical” adjustment, the Communist Party’s CNBC-translated readout said.The high-profile meeting has set the scene for an annual Central Economic Work Conference, reportedly due to take place between Dec. 11 and Dec. 12.During both meetings, top policymakers gather to review economic performance and policy implementation in the current year, while setting priorities for the following one.The central administration will also discuss its growth target and budget for 2025, partly to give local governments guidance on setting their own targets ahead of the annual parliament session early next year.While specifics will not be announced until March, it is widely expected that Beijing will keep its next year’s GDP growth target at “around 5%” — the same level that was set for the current year — if not slightly lower.Hong Kong’s Hang Seng Index reversed earlier losses to jump 2.8% following the readout, while Chinese offshore yuan strengthened modestly to 7.2776 against the greenback.Hong Kong-traded iShares FTSE China A50 exchange-traded futures surged over 3%.Stock Chart IconStock chart iconiShares FTSE China A50 ETF
原文链接：https://www.cnbc.com/2024/12/09/china-vows-more-active-fiscal-stimulus-measures-moderately-looser-monetary-policy-next-year-.html