China's Central Economic Work Conference – plans for growth, innovation, and stability

<p>News out of China's annual Central Economic Work Conference hit State Media outlets late on Tuesday. ICYMI.</p><p>I posted the early leaks from the Conference yesterday:</p><ul><li><a href="https://www.forexlive.com/news/chinese-communist-party-leaders-discuss-growth-targets-stimulus-proposals-today-20231211/" target="_blank" rel="follow" data-article-link="true">Chinese Communist Party leaders discuss growth targets, stimulus proposals today</a></li></ul><p>Via those state media reports later, in brief:</p><ul><li>“We must introduce more policies that are conducive to stabilising expectations, stabilising growth, and stabilising employment,” </li><li>"It is necessary to strengthen counter-cyclical and cross-cyclical adjustments of macro policies, continue to implement a proactive fiscal policy and a prudent monetary policy, and strengthen innovation and coordination of policy tools." </li><li>plans include tax and fee cuts, new of fiscal and tax reforms, improved the structure of fiscal spending to support strategic tasks</li><li>will maintain reasonable and sufficient liquidity</li><li>will guide financial institutions to increase support for technological innovation, green transformation, inclusive small and micro businesses, and the digital economy</li></ul><p>The info from state media sources comes via Reuters, here is the <a href="https://www.reuters.com/markets/asia/china-says-it-will-step-up-policy-adjustments-spur-recovery-2024-2023-12-12/#:~:text=2024%20GROWTH%20TARGET%20EYED&amp;text=%22To%20further%20promote%20economic%20recovery,%2C%20and%20many%20hidden%20risks.%22" target="_blank" rel="nofollow">link </a>for more.</p>

This article was written by Eamonn Sheridan at www.forexlive.com.