China plans to increase debt and cut interest rates to boost economic growth

China announced plans to increase its budget deficit and issue more debt to support economic growth amid ongoing trade tensions with the United States. This decision follows a meeting of top leaders on December 11-12. The country will adopt a looser monetary policy, including reducing bank reserve requirements and cutting interest rates. These measures aim to address challenges from a struggling property market and weak domestic demand. The Central Economic Work Conference set the stage for next year's economic targets, which will be finalized in March. Analysts note this shift indicates a focus on growth over financial risks in the near term.