Xi pledges easier monetary policy for China economy


The central bank will free up part of the reserves of some commercial lenders to unleash long-term funding to the economy. Fiscal policy will be more proactive, while construction projects will be accelerated, according to a statement issued after a Politburo meeting chaired by President Xi Jinping. - China Daily/ANN

BEIJING: China’s top leaders said they will exercise more flexibility in monetary and fiscal policy, signalling a greater focus on reviving an economy pummelled by the virus outbreak.

Fiscal policy will be more proactive, while construction projects will be accelerated, according to a statement issued after a Politburo meeting chaired by President Xi Jinping on Friday.

Subscribe now and receive FREE sooka plan for 1 month.
T&C applies.

Monthly Plan

RM13.90/month

Annual Plan

RM12.33/month

Billed as RM148.00/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 Regional

41 passengers injured as Hong Kong ferry bumps into pier on Central’s waterfront
DPM Zahid emphasises shared goals in meeting with Philippines President Marcos
Malaysia’s strategies as Asean chair in 2025 focus on regional value chains, says Anwar
Asean Foreign Ministers' meeting kicks off in Laos ahead of 44th and 45th Asean Summits
Asean must remain neutral to boost regional investment, says Tengku Zafrul
Engine issues force Cathay Pacific to inspect A350 fleet, cancel flights
Indonesian, Malaysian troops celebrate unity at border in honour of Malaysia's National Day
Singapore proposes new law allowing police to stop bank transfers
Two Malaysians caught with RM3.7mil worth of ganja in the Maldives
Police deploy 1,250 officers for King's installation

Others Also Read