The Politburo’s decision to embrace a moderately loose monetary policy for the first time in 14 years signals a shift in China's economic strategy aimed at boosting growth.
The new approach indicates the central bank’s willingness to consider lowering interest rates and allowing commercial banks to extend more loans, hitting two key objectives for stimulating economic activity.
By calling for a more proactive fiscal policy, the government shows readiness to increase spending significantly, signifying a strong response to the ongoing economic downturn.
This series of measures marks a rare public acknowledgment from Beijing regarding the need for a more vigorous intervention to combat China's economic challenges.
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