The central government sets the tone and proposes a moderately loose monetary policy
The Political Bureau of the Central Committee of the Communist Party of China held a meeting on December 9th to analyze and study the economic work in 2025. The meeting pointed out that next year we must adhere to the principle of seeking progress while maintaining stability, promoting stability through progress, upholding integrity and innovation, establishing before breaking through, integrating and coordinating systems, implementing more proactive fiscal policies and moderately loose monetary policies, enriching and improving policy toolboxes, strengthening unconventional countercyclical adjustments, and using a combination of policies to enhance the forward-looking, targeted, and effective macroeconomic regulation.
China will implement a "moderately loose" monetary policy, changing its monetary policy stance for the first time since 2011.
In November 2008, in response to the international financial crisis, China proposed to implement a "moderately loose monetary policy" to promote rapid economic recovery. This policy continued until 2009 and 2010. On July 23, 2009, the Central Politburo meeting once again emphasized the continued implementation of a moderately loose monetary policy, pointing out that the current economy is in a critical period of stabilization and recovery, and the continuity and stability of policies are crucial. On December 3, 2010, the Central Politburo announced at a meeting that monetary policy would shift from "moderately loose" to "prudent" in response to the situation of economic overheating and inflationary pressures. This marks a significant adjustment in the policy tone.
Moderate easing "mainly targets the demand for economic stimulus after the 2008 international financial crisis, and gradually returns to a" prudent "monetary policy tone based on changes in the economic situation.
The central government sets the tone and proposes a moderately loose monetary policy
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