China shifts to loose monetary policy for first time since 2010 to boost growth
China will implement an "appropriately loose" monetary policy in 2025, marking its first shift towards easing since 2010. This decision aims to support economic growth, as reported by state media following a Politburo meeting. The new policy will be part of a broader strategy that includes a more proactive fiscal approach and unconventional counter-cyclical adjustments. Officials emphasized the need to boost consumption and expand domestic demand. The change in monetary policy follows a decade of maintaining a "prudent" stance since late 2010. The central bank's policy framework includes various stances, allowing for flexibility in economic management.