China's Politburo shifts to moderately loose monetary policy to boost economy

China's Politburo announced a shift to a "moderately loose" monetary policy, aiming to boost domestic demand and consumption. This marks a significant change in strategy as the government seeks to revive economic activity. The new policy includes proactive fiscal measures and support for foreign trade and investment. It also emphasizes unconventional adjustments to stabilize property and stock markets. Following the announcement, Chinese assets showed positive movement, with the Hang Seng index recovering losses. The Australian dollar also rose slightly against the U.S. dollar, reflecting market optimism.