China eases monetary policy stance, vows more fiscal support
Published On Dec 9, 2024, 3:10 AM
China's leaders are shifting monetary policy towards a looser stance along with increased fiscal support as they prepare for potential economic challenges, particularly from a probable trade war. This will involve rate cuts and stronger measures to stabilize the property and stock markets, reflecting a marked change from the cautious approach maintained since 2011. With a targeted GDP growth of around 5%, this expansionary strategy aims to bolster confidence in the economy amid U.S. tariffs threat from the incoming administration.
Stock Forecasts
FXI
Positive
The easing of monetary policy and increased fiscal spending are likely to support economic growth and investor confidence in China. Companies benefiting from this economic stimulus, particularly in the sectors of finance, infrastructure, and property, are likely to see positive growth.
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