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China signals bolder stimulus for next year as Trump returns
From Bloomberg News
via Yahoo News, Sunnyvale, California
Monday, December 9, 2024
China's top leaders signaled bolder economic support next year using their most direct language on stimulus in years, as Beijing braces for a trade war when Donald Trump takes office.
President Xi Jinping's decision-making Politburo vowed to embrace a "moderately loose" monetary policy in 2025, signaling more rate cuts ahead and shifting from a "prudent" strategy that has held for 14 years.
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The 24-man body also vowed "more proactive" fiscal policy at its monthly huddle, according to the official Xinhua News Agency, raising expectations for Beijing to widen the fiscal deficit from 3% at the annual parliamentary session in March. That would open the door to more central government borrowing to shore up the faltering economy. ...
For the remainder of the report:
https://finance.yahoo.com/news/china-eases-monetary-policy-stance-073152230.html
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