Apr 30, 2024 08:51 PM
Politburo Flags Need for ‘Flexible’ Monetary Policy, Risk Resolution
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China’s Politburo said Tuesday that efforts should be made to implement a proactive fiscal policy and a prudent monetary policy, making good use of ultra-long special sovereign bonds and accelerating the use of local government special-purpose bonds. Photo: VCG
China’s top decision-making body said at a meeting Tuesday that the country needs to “flexibly employ” monetary policy tools to support the real economy, and stressed the importance of continued risk prevention and resolution in the real estate sector, local government debt, and small and midsize financial institutions.
Meetings of the Communist Party’s 24-member Politburo, chaired by President Xi Jinping, are closely watched by investors for clues about economic policy shifts.
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