Chinese leaders pledge higher debt issuance, monetary easing
Dovish shift comes in anticipation of higher US tariffs
Pledges match tone of Monday39;s politburo statement

BEIJING, Dec 12 Reuters China pledged on Thursday to increase the budget deficit, issue more debt and loosen monetary policy to maintain a stable economic growth rate as it gears up for more trade tensions with the United States as Donald Trump returns to the White House.

The remarks came in a state media readout of an annual agendasetting meeting of the country39;s top leaders, known as the Central Economic Work Conference CEWC, which was held on Dec. 1112.

The adverse impact brought by changes in the external environment has deepened, national broadcaster CCTV said following the closeddoor CEWC.

This year39;s meeting comes as the world39;s secondlargest economy is stuttering due to a severe property market crisis, high local government debt and weak domestic demand. Its exports, one of the few bright spots, are facing the threat of higher U.S. tariffs.

The CEWC pledges match the tone of one of the Communist Party leaders39; most dovish statements in more than a decade, which was released on Monday after a meeting of the Politburo, a top decisionmaking body.

The Politburo said China would switch to an appropriately loose monetary policy stance, more proactive fiscal levers, and step up unconventional countercyclical adjustments.

In the same vein, the CEWC summary flagged a higher budget…