China Unveils Moderately Loose Monetary Policy to Stimulate Economy
China’s top leaders have announced a ‘moderately loose’ monetary policy and a ‘more proactive’ fiscal policy, signaling a more aggressive approach to stimulus in 2023. The move has boosted Chinese stocks, with the Hang Seng Index rising 3% and companies like Alibaba and JD.com jumping at least 9%. Analysts expect more volatility in the near … Read more