China’s policymakers doubling down on ‘stability’ for 2022

Beijing has set the tone for its plans to safeguard the country’s economic stability and prevent downward risks in the coming year, according to a statement following the annual central economic work conference that concluded on Friday.“We are facing three kinds of pressure, including contraction of demand, supply shocks and weaker expectations,” the statement said, according to state media. “Our policy support should be front-loaded appropriately.”The world’s second-largest economy is aiming…

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