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China’s Vice Finance Minister: Expect more proactive fiscal policy this year

Liao Min, China’s Vice Finance Minister, said on Friday that “we can expect more proactive fiscal policy in 2025, in terms of strength, efficiency and timing.”

Additional comments

To speed up fiscal spending in a bid to formulate actual spending.

China's fiscal policy has abundant policy room and tools.

China has relatively big room of raising debt and deficit.

 

France Industrial Output (MoM) came in at 0.2%, above expectations (0%) in November

France Industrial Output (MoM) came in at 0.2%, above expectations (0%) in November
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WTI rises to near $74.00 due to increased likelihood of higher heating fuel demand

West Texas Intermediate (WTI) Oil price extends gains for the second successive session, trading around $73.90 per barrel during the European hours on Friday.
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