China’s government will continue the proactive fiscal policy and moderately easy monetary policy next year. This was agreed by the Political Bureau of the Communist Party of China (CPC) Central Committee.
The efforts the government made to stave off the global financial collapse extending to China will continue. Members of the CPC Central Committee, at a meeting chaired by Hu Jintao, general secretary of the CPC Central Committee, agreed the government would maintain continuity and stability in its macroeconomic policies.
According a statement made after the meeting, more efforts would be made to improve the quality and efficiency of economic growth, to promote the expansion of the economic development pattern and structural adjustments. It seems the message, for next year at least, is steady as she goes.
China Daily reported that the meeting agreed the government would focus more on promoting innovation and reform and opening up, and enhance the momentum and vigor of economic growth.