BANGKOK — China's top leaders have pledged to loosen monetary policy and provide more support for the slowing economy, while Premier Li Qiang swiped at threats of higher tariffs on Chinese exports, saying they hinder global growth.
BANGKOK — China 's top leaders have pledged to loosen monetary policy and provide more support for the slowing economy, while Premier Li Qiang swiped at threats of higher tariffs on Chinese exports, saying they hinder global growth.Shares in Hong Kong jumped on Monday after state media released a report on the meeting by the ruling Communist Party's Politburo that said leaders would 'implement more active fiscal policies and moderately loose monetary policies.
Chinese Premier Li Qiang speaks as he chairs the ‘1 10’ Dialogue on Building Consensus on Development to Promote Global Common Prosperity in Beijing on Dec. 9, 2024. Beijing has pledged to loosen its monetary policy to further boost its economy. AP PHOTO'This marks a significant recalibration in their approach, aiming to cushion the anticipated economic shocks ,' Stephen Innes of SPI Asset Management said in a commentary.
Leaders Vow Loose Monetary Policy
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