China's government is planning to take a more active role in boosting the economy next year. They've announced they'll use fiscal measures and make monetary policy a bit looser. This comes from a recent high-level meeting led by President Xi Jinping. The goal is to increase how much people spend within China.

The Politburo, China's top decision-making group, wants to keep the property and stock markets stable. They're also looking into some unconventional ways to adjust economic cycles. This meeting is setting the stage for an important economic conference in December.

During these meetings, officials review the year's economic performance and plan for the next. They'll discuss the growth target and budget for 2025. This helps local governments set their own targets for the coming year.

While exact numbers won't be out until March, experts think China might keep its GDP growth target around 5%. This is the same as this year, maybe even a little lower.

China's economy is doing well this year, but there are some challenges. The housing market is struggling, and people aren't spending as much. Plus, there could be more trade issues with the U. S.

Recent data shows that China's annual consumer inflation dropped to 0. 2% in November, the lowest in five months. After the meeting's announcement, Hong Kong's stock market went up, and the Chinese yuan got a bit stronger against the U. S. dollar. Chinese bond prices also fell to a new low.

China's Economic Plan: Boosting Consumption with Fiscal and Monetary Easing

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