China's Politburo has recently announced a shift in monetary policy, moving towards a more relaxed stance for the first time in almost 14 years.
This decision, made on December 9, aims to stabilize the real estate and equity markets while implementing unconventional counter-cyclical adjustments.
The top decision-making body emphasized the need for a more proactive fiscal policy alongside this monetary shift.
The announcement suggests the possibility of further easing measures in the future, which is likely to be well-received by global investors.
The Politburo, led by President Xi Jinping, highlighted the importance of expanding the policy toolbox to strengthen macro-control and counter-cyclical adjustments.
Additionally, the statement emphasized the necessity of increasing high-level opening to the outside world to stabilize foreign trade and investment.