China Extends Proactive Fiscal and Prudent Monetary Policies
Yicai Global
/SOURCE : Yicai
China Extends Proactive Fiscal and Prudent Monetary Policies

(Yicai Global) Feb. 22 -- The latest meeting of the Political Bureau of the CPC Central Committee has identified that stable and consummate macroeconomic policies, continued implementation of proactive fiscal and prudent monetary policies and enhanced policy coordination on manufacturing, regions, investment, consumption, pricing, land and environmental protection will be necessary to complete this year's tasks for achieving socioeconomic development targets.

A Feb. 21 meeting of the Political Bureau of the Communist Party of China (CPC) Central Committee Chinese President Xi Jinping presided over decided efforts must go to deepen reforms in important sectors and key segments.

Reforms must improve the quality and efficiency of real economic growth driven by innovation, tap further into domestic demand, and boost organic growth, push ahead with supply-side structural reform of agriculture, ensure the steady development of the agricultural sector and continued increases in farmers' earnings, actively and proactively expand the scope of opening-up, create new competitiveness in international cooperation, bolster environmental protection and achieve new breakthroughs in eco-friendly development.

The central government's economic conference that convened in December stated that monetary policy should remain steady and neutral, Xinhua News Agency reported.

The Political Bureau of the CPC Central Committee is one of the central organs of the Communist Party of China. When the Central Committee is not in session, the Political Bureau exercises its functions and powers. The Central Committee is elected for a term of five years.

During intersessional periods of the National People's Congress (NPC), it executes NPC resolutions, oversees all the work performed within the Communist Party of China, and handles external affairs on its behalf.

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