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Investors are reacting positively to news from China's Politburo, which indicated plans for "bolder economic support" next year. These signals have stirred optimism that Chinese stocks will rise following the opening of trading, with Chinese-listed companies in the U.S. soaring nearly 9% during the last sessions in New York.
Morgan Stanley analysts have characterized this latest policy tone as the most aggressive in a decade, and we can expect the Central Economic Work Conference, commencing tomorrow, to detail specific directives for the upcoming year. The Politburo's commitment to setting a growth target of around 5% and prioritizing domestic demand is crucial for the market's forward momentum.