Chinese President Xi Jinping attends a reception dinner at the Great Hall of the People ahead of China's National Day in Beijing, China on September 28, 2023.
China's leaders on Monday pledged "more proactive" fiscal measures and "moderately" looser monetary policy next year to boost domestic consumption, according to an official readout of a key policy meeting that outlined upcoming economic priorities.
The Politburo, a top decision-making body led by President Xi Jinping, said it will stabilize property and stock markets while strengthening the "unconventional counter-cyclical" adjustment, the Communist Party's CNBC-translated readout said.
This breaking news story is being updated.
Persons:
Xi Jinping
Organizations:
of, Communist Party's CNBC
Locations:
Beijing, China