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For the first time in 14 years, China is changing its stance on monetary policy from “prudent” to “moderately loose.” After a key leadership meeting, the country is to implement a “more proactive” fiscal policy. What factors have contributed to the government's new approach? And what policies can we expect to stabilize the economy?
For the first time in 14 years, China is changing its stance on monetary policy from “prudent” to “moderately loose.” After a key leadership meeting, the country is to implement a “more proactive” fiscal policy. What factors have contributed to the government's new approach? And what policies can we expect to stabilize the economy?