The annual economic work conference followed a high-level Monday meeting of the Politburo, the ruling Communist Party's top decision-making body.
BEIJING, CHINA - NOVEMBER 9: Chinese President Xi Jinping attends a meeting with Indonesian President Prabowo Subianto at the Great Hall of the People on November 9, 2024 in Beijing, China.China affirmed its recent policy shifts and stressed plans to boost growth in a high-level economic planning meeting that wrapped up Thursday, according to state media.
The annual economic work conference followed a high-level Monday meeting of the Politburo, the ruling Communist Party's top decision-making body led by President Xi Jinping.
Chinese officials have ramped up stimulus measures since late September, including the implementation of several interest rate cuts, looser property purchase requirements, liquidity support for stock markets and aHowever, recent economic data indicated that these steps have not proven sufficient to offset persisting deflationary pressure in the economy, fueling investors' hopes that Beijing would further amp up its stimulus measures to restore growth.
While the policy details and specific figures will only be announced at the National People's Congress next March, it is widely expected that Beijing will
Breaking News Asia Economy Business News
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
US expected to unveil further AI chip sanctions against China on MondayThe US is expected to announce another set of measures on Monday designed to further restrain China's ability to develop advanced artificial intelligence, per WIRED.
Read more »
China's South China Sea Claims Dominate ASEAN Defense Ministers' MeetMany Southeast Asian nations are looking for assurances from the U.S. before President-elect Donald Trump's return to power in January.
Read more »
Philippines, China trade accusations over confrontation in South China SeaChina says the Philippines ships dangerously approached their Coast Guard, while Manila claims China's coastguard vessel fired water cannon on their ship.
Read more »
US, Japan and Philippine forces jointly patrol in South China Sea after hostilities involving ChinaThe United States has deployed a reconnaissance aircraft while Japan and the Philippines sent navy ships in a joint patrol in the disputed South China Sea two days after the allied forces condemned actions by Chinese coast guard vessels against Philippine patrol ships. The U.S.
Read more »
‘Missing’ ‘Blue Bloods’ actress plans to go live on Monday, family vows to refund GoFundMe donationsActress Chanel Banks took to her Instagram Stories Sunday evening to seemingly give folks a sneak peak of her side of the story.
Read more »
Walmart announces Black Friday, Cyber Monday plans, store hoursWalmart has announced plans for Thanksgiving, Black Friday and Cyber Monday 2024.
Read more »