China's Politburo Announces Major Economic Policy Changes

In a significant move, China's Politburo has pledged to adopt a "moderately loose" monetary policy and a more proactive fiscal approach in the coming year. This marks the first shift in China's monetary policy stance since 2011.

The government aims to boost economic consumption and stabilize the struggling real estate sector. Additionally, the top decision-making body stated its intention to stabilize the stock market while strengthening "unconventional countercyclical" adjustments to improve citizens' livelihoods.