China’s Mammoth Monetary Shift From ‘Prudent’ to ‘Moderately Loose’

A rundown of the news making headlines in and around China:

Monetary stance shift: China’s Politburo announced plans for a more proactive fiscal policy and a “moderately loose” monetary policy for 2025, departing from its previously “prudent” monetary stance. The statement was made during a Monday meeting to set the country’s economic priorities for next year. To sustain the country's economic recovery, the top decision-making body also called for efforts to stabilize the property and stock markets and to mitigate external shocks.