10 sources·Business

China Shifts to Moderately Loose Monetary Policy Amid U.S. Tariff Threats

China's top leaders plan interest rate cuts and fiscal strategies to stimulate growth and combat youth unemployment in response to U.S. tariffs.

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Updated: Dec 9th, 2024, 6:27 PM ET

Summary

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In response to U.S. tariff threats, China's leaders announced a transition to a 'moderately loose' monetary policy aimed at stimulating growth and addressing high youth unemployment and deflation. This strategy includes expected interest rate cuts and counter-cyclical measures to help achieve a 5% growth target amid external economic challenges. Further details on fiscal measures are anticipated from the upcoming Central Economic Work Conference.

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