China will implement a more proactive fiscal policy and step up “unconventional” counter-cyclical adjustments
People walk past a lane lined up with restaurants, at a shopping area in Shanghai, China September 28, 2024. REUTERS/Tingshu Wang/File Photo
, Xinhua reported, citing the Politburo. The remarks came from an official readout of a meeting of top Communist Party officials, the Politburo, and before the annual Central Economic Work Conference later this week to set key targets and policy intentions for next year. “A more proactive fiscal policy and an appropriately loose monetary policy should be implemented, enhancing and refining the policy toolkit, strengthening extraordinary counter-cyclical adjustments,“ it said.
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