Hey there! 📢 Did you hear? China is planning some big things for 2025! 🇨🇳
At a big meeting called the Central Economic Work Conference in Beijing, leaders decided on important plans for the economy. 🏦
They want to spend more money to help people buy things and make it easier for businesses to borrow money. 💰 This means they have a proactive fiscal policy (which means the government will spend more money) and a moderately loose monetary policy (which means banks can lend money more easily).
Their main goals are to get people to buy more stuff 🛍️ and to make sure that the housing 🏠 and stock markets 📈 are stable and doing well.
Robin Xing, the Chief China Economist at Morgan Stanley (a big financial company 🏢), talked about why these plans are important.
Isn’t it interesting how countries plan ahead to make things better for everyone? 😊
Reference(s):
cgtn.com
