China shifts monetary policy stance for first time since 2011 to spur growth

Quick Summary:

It comes as Beijing braces for a second trade war when Donald Trump takes office in January.

The latest departure reflects an urgency to step up the easing mode adopted by the central bank after an expected post-pandemic boom failed to materialize.

At that time, authorities shifted away from the previous stance of “moderately loose” adopted during the Global Financial Crisis, to cool rising inflation.

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Article Details

Category: EconomyBusiness

Markets: SingaporeAustraliaChinaNew Zealand

Topics: Fiscal Policy Growth Economy First 2025 China’s Cent China Loose” Monetary

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-12-09 @ 17:08:00 (1 weeks ago)

News Timezone: GMT +8:00

News Source URL: straitstimes.com

Language: English

Article Length: 605 words

Reading Time: 4 minutes read

Sentences: 18 lines

Sentence Length: 34 words per sentence (average)

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Copyright Owner: © The Straits Times

News ID: 24269568

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