Chinese President Xi Jinping attends a reception dinner at the Great Hall of the People ahead of China’s National Day in Beijing, China on September 28, 2023.
Jade Gao | Pool | via Reuters
China’s leaders on Monday pledged “more proactive” fiscal measures and “moderately” looser monetary policy next year to boost domestic consumption, according to an official readout of a key policy meeting that outlined upcoming economic priorities.
The Politburo, a top decision-making body led by President Xi Jinping, said it will stabilize property and stock markets while strengthening the “unconventional counter-cyclical” adjustment, the Communist Party’s CNBC-translated readout said.
This breaking news story is being updated.