central bank currencies, Top stories

2024-12-14 01:04:51

The Political Bureau of the Communist Party of China (CPC) Central Committee held a meeting on December 9th, and the Politburo meeting mainly released six heavy signals.


Sixth, further put forward the idea of "stabilizing the property market and stock market" to promote the sustained economic recovery. This is following the Politburo meeting of the Chinese Communist Party's announcement on September 26th that "the real estate market should stop falling and stabilize" and "efforts should be made to boost the capital market". This meeting once again put forward the idea of "stabilizing the property market and stock market", and the high-level officials attached great importance to it.Fifth, "expanding domestic demand" is expanded to "expanding domestic demand in an all-round way". To expand domestic demand, investment must keep up, infrastructure projects will help people get rich, and consumption will naturally rise;To sum up, with the help of the east wind of national development, China Construction Machinery Co., Ltd. will develop with the trend and take advantage of the situation to wait and see.


Third, the tone of monetary policy has been adjusted from "steady" to "moderately loose", and China will implement a "moderately loose" monetary policy. This is the first time that high-level officials have put forward this statement since 2011, and it is also the first time after the world financial crisis;Second, the tone of fiscal policy has been changed from "active" to "more active". At this Politburo meeting, the expression "more" was added before "active fiscal policy" for the first time, indicating the determination and intensity of fiscal expansion and policy overweight, and the subsequent fiscal efforts can be expected;Second, the tone of fiscal policy has been changed from "active" to "more active". At this Politburo meeting, the expression "more" was added before "active fiscal policy" for the first time, indicating the determination and intensity of fiscal expansion and policy overweight, and the subsequent fiscal efforts can be expected;

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