China's Politburo plans increased fiscal spending and interest rate cuts to boost economy

China's Politburo has announced plans for increased fiscal spending and potential interest rate cuts to boost economic activity. This decision follows a meeting aimed at addressing the country's economic targets as the year ends. Analysts expect a larger fiscal deficit and more special government bonds to support growth. They also anticipate further monetary easing to help stimulate demand amid ongoing economic challenges. The meeting highlighted a strong commitment to policy support, reflecting concerns over domestic demand and external uncertainties, particularly with the upcoming U.S. presidential term.