China Begins Annual Economic Meeting to Hash Out Stimulus Plan [Yahoo! Finance Canada]
Citigroup, Inc. (C)
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Source: Yahoo! Finance Canada
Most Read from Bloomberg The two-day Central Economic Work Conference is expected to run through Thursday, focusing on setting the economic agenda for 2025. It typically gathers some central government and provincial leaders, along with the heads of state-owned financial institutions and companies. The meeting will give investors their next glimpse into how policymakers plan to approach the coming year. The Politburo — the Communist Party's decision-making body — has revived language not seen since the global financial crisis more than a decade ago, pledging a “moderately loose” monetary policy and “more proactive” fiscal tools to support the economy. The government may increase policy support in the next two years given the prospects for higher US tariffs, said Tao Wang, chief China economist at UBS Group AG. This includes setting more supportive policy tones for 2025 at the upcoming work conference, she added. The meeting will likely discuss setting a growth goal for 2025,
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