China vows to ramp up moves to spur economic growth in 2025

News Snapshot:

China will adopt an “appropriately loose” monetary policy next year, alongside a more proactive fiscal policy to spur economic growth, the Politburo was quoted as saying Monday. China will focus on expanding domestic demand and boosting consumption, state media Xinhua reported, citing a readout of a meeting of top Communist Party officials, the Politburo. The remarks came ahead of the annual Central Economic Work Conference in the coming days to set key targets and policy intentions for next year. Stocks jumped and China’s government bonds rallied following the Politburo meeting readout, with Hong Kong’s Hang Seng index climbing 2.8% to...