Chinese state media with some messaging after the conclusion of the key economic policy meeting in the country
- Prudent monetary policy should be flexible, appropriate
- China to maintain proactive fiscal policy
- China to maintain stability of macroeconomic policy
- China will achieve expected economic targets for next year
- China will prioritise stability of its economy
- Downwards pressure to the economy has increased
- China will ensure economic growth is within reasonable range
It does not look like the language has changed all too much from this year - especially on their monetary policy stance. As such, I reckon that we can expect more RRR cuts going into next year if anything else.
There isn't any mention of what growth target they are looking at just yet, but do be reminded that in last year's meeting they set out a target for 6.0% to 6.5% this year.
