Hu and Wen emphasize macro policy stability

Hu Jintao and Wen Jiabao reiterated that current macroeconomic policies would continue into the second half of 2010, state media reported Thursday. Hu said that these current policies, frequently described by the state media as ‘pro-active fiscal policy and moderately loose monetary policy,’ should continue to support the recovering economy. Wen said that the government would "improve" stimulus plans designed to boost domestic consumption. The leaders’ remarks come after four consecutive days of gains in the Chinese stock market, commonly thought to be fueled by speculation that the government would ease lending and property restrictions.