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China’s central bank steps up to support economy in 2025 as US trade war threatens
Posted on December 3, 2024 |
China’s central bank plans to use supportive monetary policies to boost growth in 2025 amid concerns over a US trade war.
The People’s Bank of China will continue with an accommodative monetary policy stance next year.
China will depend on monetary support as the US president-elect plans to impose higher tariffs on Chinese goods.
The yuan dropped to its lowest level in a year against the US dollar due to fears of weak growth and rising tariffs.
China’s economy has started stabilizing after bold actions by the central bank and ministries to support growth and the stock market.