China has pledged to continue to exert a “more proactive” fiscal policy and “moderately loose” monetary policy next year as it seeks to promote “effective qualitative improvement and reasonable quantitative growth” in its economy. After a meeting of the 24-member Politburo on Monday, the major decision-making body of the ruling Communist Party said the country would “seek progress while maintaining stability and pursue higher quality and greater efficiency in next year’s economic work.” “[We…
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