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Asian stocks saw a slight increase as investors prepared for the Federal Reserve's final policy decision of the year, with a regional gauge rising 0.3%. Notably, Nissan's shares surged 24% amid merger talks with Honda, while US futures also ticked higher. The Fed is expected to cut interest rates by 25 basis points, with attention on its outlook for 2025 amidst mixed US economic data and potential inflationary pressures from proposed policies.
China's regulators are intensifying efforts to stabilize the housing and stock markets, following a meeting of top leaders that emphasized the need for greater stimulus. Measures will include boosting property market demand, enhancing market monitoring, and implementing more effective fiscal policies.The government plans to raise the fiscal deficit target and prioritize lifting consumption to stimulate domestic demand. Despite recent signs of economic recovery, overall confidence remains low, with credit expansion unexpectedly slowing in November, prompting expectations of further monetary easing.
Xi Jinping has reaffirmed China's commitment to achieving a 5% GDP growth target this year, positioning the country as a key driver of global economic expansion. Following a shift in monetary policy aimed at addressing weak consumption and deflation, Chinese stocks saw initial gains, while bond yields hit record lows. As trade data reveals a decline in imports and modest export growth, investors await further government measures to stimulate domestic demand amid ongoing economic challenges.
China's Politburo, led by Xi Jinping, announced a shift to a "moderately flexible" monetary policy for 2025, the first change since 2011, aiming for 5% growth and to stabilize real estate and stock markets amid US trade uncertainties. Following the announcement, the yuan strengthened, and the Hang Seng Index rebounded, though it must close above 21,400 points to indicate sustained bullish momentum. Investors are advised to monitor this technical level closely in the coming weeks.
China's leaders have committed to implementing "more proactive" fiscal stimulus and "moderately" looser monetary policy next year to enhance domestic consumption, as outlined in a recent Politburo meeting. The government aims to stabilize property and stock markets while preparing for the upcoming Central Economic Work Conference in December, where economic targets for 2025 will be discussed. Despite challenges such as a housing downturn and low consumer inflation, President Xi Jinping emphasized the need for confidence and a favorable external environment to achieve economic goals.
China's Politburo has shifted its monetary policy stance to 'moderately loose' for the first time since 2011, alongside a more proactive fiscal policy. This change aims to stabilize real estate and equity markets while enhancing counter-cyclical adjustments, signaling greater easing ahead and likely appealing to global investors. The decision emphasizes the need for improved macro-control and a robust policy approach to bolster foreign trade and investment.
China's leadership plans to adopt a "moderately loose" monetary policy and enhance fiscal spending in 2025, marking a significant shift since 2011. This decision comes as the country prepares for potential economic challenges with the anticipated second trade war following Donald Trump's inauguration. The Politburo has committed to a more proactive fiscal approach, signaling a robust response to upcoming economic pressures.
China's top leaders are preparing for the annual central economic work conference on December 11-12 to discuss the GDP growth target and stimulus measures amid economic challenges. While the 2025 growth target is expected to remain around 5%, persistent issues like a housing downturn and weak domestic consumption continue to pressure the economy. Recent stimulus efforts, including interest rate cuts and a $1.4 trillion debt relief package for local governments, aim to bolster growth, but trade tensions with the U.S. and potential tariffs from the incoming Trump administration pose additional risks.
President-elect Donald Trump indicated that Ukraine may receive reduced military aid from the U.S. once he takes office, questioning why Europe contributes less despite the ongoing conflict. He emphasized the need for NATO allies to share the financial burden and called for an immediate ceasefire and negotiations to end the war. Trump also noted his strong ties with Vladimir Putin and expressed confidence in brokering peace, while commenting on Russia's diminishing interest in Syria following the conflict in Ukraine.
China and Nepal signed a framework agreement on December 4 to enhance cooperation under the Belt and Road Initiative, facilitating major investments in infrastructure projects like roads, airports, and rail lines. This agreement follows Nepal's earlier commitment to the BRI in 2017, which had stalled due to political disagreements. Critics of the initiative express concerns over potential debt traps and China's geopolitical ambitions through its financing strategies.
Xi Jinping
People
The information provided herein is generated by experimental artificial intelligence and is for informational purposes only.
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