China has pledged to continue to exert a “more proactive” fiscal policy and “moderately loose” monetary policy next year.
After a meeting of the 24-member Politburo on Monday, the major decision-making body of the ruling Communist Party said the country would “seek progress while maintaining stability and pursue higher quality and greater efficiency in next year’s economic work.”
“[We need] to better coordinate domestic economic work and international economic and trade struggles, as well as development and security,” according to a readout released by state news agency Xinhua.
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The readout also said the country would “implement more proactive and effective macro policies, and strengthen the forward-looking, targeted and coordinated nature of policies” in 2026.
Historically, the Politburo’s December meeting has been closely followed by the annual central economic work conference, which typically sets the tone for policy in the year ahead.
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