China has reaffirmed its determination to support economic growth, focusing on active fiscal and monetary policy. At an economic planning meeting chaired by President Xi Jinping, it was decided to increase the budget deficit and issue more ultra-long-term bonds as part of a growth promotion strategy. In addition, a mild easing of monetary policy is planned, including a reduction in interest rates, which reflects the government's willingness to ease financial conditions. This approach is consistent with the position expressed at the Politburo meeting, where the phrase «moderately soft» monetary policy was used for the first time since 2008. Such measures show that China is preparing for possible economic challenges, including potential trade conflicts with the United States, especially in light of Donald Trump's return to the presidency. Specific economic policy plans, including targets for economic growth and budget deficit, will be unveiled at a parliamentary meeting in March.
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