• China’s Politburo: Will implement active fiscal policy and prudent monetary policy next year

Market news

7 December 2022

China’s Politburo: Will implement active fiscal policy and prudent monetary policy next year

Chinese Communist Party's Politburo held its annual meeting on December 6, with the key highlights reported by Xinhua News Agency.

Will implement active fiscal policy and prudent monetary policy next year.

China to seek progress while maintaining stability next year.

To optimize epidemic prevention and control measures.

Plan to allow home quarantine, to ease Covid testing.

Efforts should be made to expand domestic demand.

Necessary to effectively prevent and defuse major economic, financial risks.

Hold the bottom-line of preventing systemic risks.

Necessary to promote high-level opening up to the outside world, attract and utilize foreign capital.

Market reaction

AUD/USD is unfazed by the above comments, holding gains above 0.6700 ahead of Chinese trade data. Meanwhile, USD/CNY was last seen trading 0.29% lower at 6.9746.

Market Focus
Material posted here is solely for information purposes and reliance on this may lead to losses. Past performances are not a reliable indicator of future results. Please read our full disclaimer
Open Demo Account & Personal Page
I understand and accept the Privacy Policy and agree to my name and contact details being used by TeleTrade to contact me about this.