China pledges more stimulus in monetary policy shift
2024.12.09 08:08
Investing.com — China has pledged to implement more proactive fiscal stimulus measures and adopt moderately looser monetary policies in 2025, as per official readout from a key policy meeting held by the Political Bureau of the Communist Party of China Central Committee.
The readout flagged achievements in strengthening economic resilience, advancing technological innovation, deepening reforms, and safeguarding people’s livelihoods.
These efforts have contributed to maintaining stability and reinforcing China’s economic and comprehensive national strength.
Going forward, the CPC Central Committee stressed the need to prioritize stability while fostering progress, focusing on areas such as boosting domestic demand, enhancing innovation, and accelerating the green transformation of the economy.
Proactive fiscal measures, supported by prudent monetary policies, will play a central role in stimulating consumption, improving investment efficiency, and driving industrial modernization.
The leadership also underscored the importance of counter-cyclical adjustments and policy coordination to mitigate risks and ensure macroeconomic stability.
The meeting called for expanded high-level opening-up, stabilization of foreign trade and investment, and measures to address vulnerabilities in the property and stock markets.
In addition, regional strategies and urban-rural integration will be reinforced to stimulate balanced development, while carbon reduction and environmental goals will remain integral to the country’s economic transformation.
Alongside economic priorities, the meeting reviewed efforts in building a clean governance framework and combating corruption.
Discipline inspection and supervision agencies were urged to maintain high vigilance against corruption, strengthen oversight, and foster an environment of accountability and integrity.
Xi Jinping emphasized the importance of aligning these anti-corruption efforts with broader reforms to ensure their effectiveness in promoting sustainable growth and modernization.
The meeting concluded with a decision to convene the fourth plenary session of the 20th Central Commission for Discipline Inspection from January 6 to 8, 2025, where further strategies for comprehensive governance will be discussed.
