China Says Monetary Policy Should be ‘Targeted, Forceful’ in 2023

(Bloomberg) — China’s Politburo, the Communist Party’s top decision-making body, said monetary policy should be “targeted and forceful” next year to help spur the economy’s recovery.

Officials will “push for overall improvement of the economy,” the official Xinhua news agency said Wednesday in a readout of the meeting.

“We should seek growth while prioritizing stability,” according to the report. “We will continue to implement an active fiscal policy and prudent monetary policy, strengthen the coordination of various policies, and optimize Covid prevention and control measures, to form synergy in promoting high quality development.”