ECONOMY China vows to ‘moderately’ strengthen
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Posted On: 12/08/2023 5:25:20 AM
ECONOMY
China vows to ‘moderately’ strengthen fiscal policy to bolster economic recovery
PUBLISHED FRI, DEC 8 20234:45 AM ESTUPDATED 12 MIN AGO
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Sam Meredith
KEY POINTS
China’s Politburo said Friday that it would continue to implement “proactive” fiscal policies and “prudent” monetary policies next year, in a bid to bolster domestic demand.
China also pledged to effectively enhance “economic vitality,” to prevent and defuse risks and to consolidate and enhance the upward trend of an ailing recovery in the world’s second-largest economy.
Demand for Chinese goods has fallen this year as global growth slows.
China vows to ‘moderately’ strengthen fiscal policy to bolster economic recovery
PUBLISHED FRI, DEC 8 20234:45 AM ESTUPDATED 12 MIN AGO
thumbnail
Sam Meredith
KEY POINTS
China’s Politburo said Friday that it would continue to implement “proactive” fiscal policies and “prudent” monetary policies next year, in a bid to bolster domestic demand.
China also pledged to effectively enhance “economic vitality,” to prevent and defuse risks and to consolidate and enhance the upward trend of an ailing recovery in the world’s second-largest economy.
Demand for Chinese goods has fallen this year as global growth slows.
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