CHINA FIRES UP MORE STIMULUS And LOOSER MONETARY POLICIES
China’s leaders on Monday pledged “more proactive” fiscal measures and “moderately” looser monetary policy next year to boost domestic consumption, according to an official readout of a key policy meeting that outlined upcoming economic priorities.
The Politburo, a top decision-making body led by President Xi Jinping, said it will stabilize property and stock markets while strengthening the “unconventional counter-cyclical” adjustment, the Communist Party’s CNBC-translated readout said.
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* 4 logistics park properties
These properties are strategically located across 12 major Chinese cities.
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Banks likely issued 990 billion yuan ($136.02 billion) in net new yuan loans last month, the median of 20 economist estimates showed, up from October's 500 billion yuan but lower than the 1.09 trillion yuan issued in the same month a year earlier.
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