China vows to keep economy stable through 'moderate' fiscal means

Politburo hints at more restrained easing as it aims to reduce systemic risks

2023-12-08 Xi econ.JPG

President Xi Jinping chaired a Politburo meeting to discuss and shape economic policy guidelines for 2024. © Reuters

CK TAN, Nikkei staff writer

SHANGHAI -- China's leaders pledged on Friday to boost fiscal measures "moderately" and foil risks in "key areas" to achieve growth in 2024 as recovery in the world's second-largest economy remains unbalanced.

President Xi Jinping chaired a meeting of the Communist Party's Politburo, the top decision-making body, to discuss and shape economic policy guidelines for next year, as well as to assess growth so far in 2023.

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