China is doubling down on economic growth in 2025 with a fresh wave of policy moves, sparking cheers from markets and experts alike. 🌏💼 At a high-level meeting this week, officials announced a ‘proactive fiscal policy’ and ‘moderately loose monetary policy’—terms that sent Shanghai and Shenzhen stock indices soaring by over 2.5% and 3.6%, respectively, while tech-heavy ChiNext jumped nearly 5%! 🚀
Experts say this marks China’s strongest commitment to stabilizing growth since the 2009 financial crisis. \"The phrase ‘extraordinary countercyclical adjustments’ is new and bold,\" noted Zhang Jun, chief economist at China Galaxy Securities, highlighting potential aggressive rate cuts and reserve requirement ratio reductions ahead. 📉💵
Domestic Demand Takes Center Stage
UBS economist Wang Tao predicts expanded consumer incentives, including a trade-in scheme for appliances and increased social spending. 🛋️👛 The focus? Turbocharging domestic demand while keeping markets globally competitive through \"high-level opening up.\" Analysts say the policies could reshape everything from your shopping habits to cross-border investments. 🌐💡
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China to intensify policy support for economic growth in 2025
cgtn.com