Chinese Stocks Surge Following Pledge of Expanded Economic Stimulus
China's Politburo commits to proactive fiscal policy and looser monetary measures in 2025, boosting U.S.-listed Chinese equities.
- China's Politburo announced plans for more proactive fiscal policies and moderately looser monetary measures to stimulate economic growth in 2025.
- U.S.-listed Chinese stocks, including Alibaba, JD.com, Trip.com, and XPeng, saw significant gains in response to the announcement.
- The annual Central Economic Work Conference, scheduled for December 11-12, will finalize China's 2025 economic targets and budget plans.
- Experts anticipate substantial fiscal expansion and interest rate cuts as China aims to achieve a GDP growth target of approximately 5%.
- The stimulus measures come as China faces economic challenges, including a property sector downturn and ongoing trade tensions with the U.S.