China to continue 'moderately loose' monetary policy

  • CCTV report
cny yuan pboc 23 September 2025 2

This isn't a change but it's worth monitoring as we get inundated with headlines from the National People's Congress today.

It's also worth watching Chinese stock markets today with gains of around 1% led by AI and chip makers. Consumer stocks are up about 0.5%, which shows that the pledge to boost the consumer isn't really landing.

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