The head of the National Development and Reform Commission (NDRC) said Wednesday that government stimulus measures have succeeded in stabilizing the Chinese economy, while limits on the property market have reduced speculation, Reuters reported. “The government’s policies and measures have been effective and the country’s economic growth is stabilizing at a slow pace,” NDRC chief Zhang Ping told the National People’s Congress, according to state media. However, the economy still faces risks, Zhang said, and the government needs to bolster efforts to increase domestic demand and push through reforms to change the growth model. Finance Minister Xie Xuren told the congress that tax reforms would continue, including the expansion of a property-ownership tax and changes to resource and consumption taxes. Xie also pledged to boost export tax rebates and credit insurance, reiterating Premier Wen Jiabao’s pledge last week.