China vows to boost domestic demand in bid for 2024 recovery
Publishing timestamp: 2023-12-12 10:04:08
Summary
China's leaders have pledged to continue proactive fiscal policies and prudent monetary policies to revive the economy. They emphasize stability and high-quality development, with a focus on boosting domestic demand and tackling the real estate crisis. However, the post-Covid-19 recovery has fallen short of expectations, and there are concerns about weak domestic demand and debt problems in the real estate sector. China's leaders also address other economic issues such as declining fertility rates, unemployment, and the development of private enterprises and innovation.
Sentiment: MIXED
Tickers: MCO,
Keywords: asia economy, real estate, business news, moody's corp, economic events, china, beijing, world economy,
Source: https://www.cnbc.com/2023/12/12/china-vows-to-boost-domestic-demand-in-bid-for-2024-recovery.html