China's macroeconomic policy is set to amplify support in 2024, a high-profile meeting said on Dec. 12, which experts said appears to signal proactive fiscal expansion in 2024 and more measures to reduce interest rate levels may be on the horizon.
China's consumer prices registered negative growth for the second time this year in October, indicating that the recovery in demand is not yet solid and more macroeconomic policy support is likely.
China's near-zero inflation means it has space to ease monetary policy, and it has taken "welcome" measures to address its property market woes, a factor that led the International Monetary Fund to cut the country's GDP growth to 5 percent in 2023.
China's consumer price index, a main gauge of inflation, is likely to continue to recover as the upcoming holidays of the Mid-Autumn Festival and National Day are expected to boost market demand for food and services, the National Bureau of Statistics said on 15th of Sept.
China's consumer inflation for April eased to the lowest level in over two years, underscoring the need for greater policy support to boost domestic demand and stabilize expectations, analysts said on Thursday.