Economy

China says fiscal policy must be ‘moderately strengthened’

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Chinese President Xi Jinping chairs a symposium on advancing the integrated development of the Yangtze River Delta and delivers an important speech in east China’s Shanghai, Nov. 30, 2023.

Xinhua News Agency | Xinhua News Agency | Getty Images

China’s top decision-making body of the ruling Communist Party on Friday said the country’s fiscal policy “must be moderately strengthened” to stimulate economic recovery, according to state-run news outlet Xinhua.

China’s Politburo said it would continue to implement “proactive” fiscal policies and “prudent” monetary policies next year, in a bid to bolster domestic demand.

Chaired by Chinese President Xi Jinping, the Politburo’s Friday meeting…



Source cnbc.com

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