China to step up fiscal support

The monetary policy should be flexible, appropriate, targeted and effective, a statement said. — Reuters

Beijing: China’s Politburo, comprising the top 24 leaders of the Communist Party, pledged to strengthen the government’s fiscal measures and make monetary policy more effective, bolstering efforts to stabilise growth.

The meeting, chaired by President Xi Jinping, said the fiscal policy will be stepped up “appropriately”, Xinhua reported yesterday. Meanwhile, the monetary policy should be flexible, appropriate, targeted and effective, with the previous wording “forceful” dropped from the statement.

Get 30% off with our ads free Premium Plan

Monthly Plan


Annual Plan


Billed as RM103.60/year

1 month

Free Trial

For new subscribers only

Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!


Next In Business News

KLK redesignates Lee Oi Hian as executive chairman
Sunway optimistic of 2024 financial performance
Apex optimistic on healthcare growth prospects
Hong Leong Industries posts higher 2Q net profit of RM102.47mil
Sunway Construction bags contract worth RM720.98mil
Ringgit ends slightly higher versus US dollar and basket of major currencies
Sunway Property aims to achieve RM2.6bil in sales this year
Optimistic outlook for Daythree
Berjaya Food impacted by boycott
Rimbunan Sawit to dispose of agricultural land in Miri for RM165mil

Others Also Read