China's New Monetary Shift: A Bold Step Towards Growth

China plans to adopt an 'appropriately loose' monetary policy next year, marking a shift from its 2010 stance. The move, announced during a Politburo meeting, aims to boost domestic growth. China will also focus on proactive fiscal measures and counter-cyclical adjustments, emphasizing stability and innovation for 2025.

In a significant move aimed at bolstering economic growth, China will implement an 'appropriately loose' monetary policy next year, as revealed during a Politburo meeting. This marks the first major shift towards monetary loosening since 2010.

The official statement highlights China's commitment to reinforcing domestic demand and consumption, with additional emphasis on proactive fiscal strategies and unconventional counter-cyclical adjustments. These steps are aimed at achieving stability and innovation in 2025.

The new monetary policy approach, along with a proactive fiscal policy, indicates a strategic shift from the 'prudent' stance adopted since late 2010, positioning China to effectively manage future economic challenges.

(With inputs from agencies.)