News Flash
China maintains fiscal, monetary policies in 2010
(Xinhua)
Updated: 2009-12-07 14:20
 |
Large Medium Small |
BEIJING: China would continue to adopt the proactive fiscal policy and moderately easy monetary policy next year and endeavor to improve the quality of economic growth, participants at the Central Economic Work Conference agreed Monday.
Chinese President Hu Jintao and Premier Wen Jiabao addressed the meeting, which is held once a year to set the tone for economic development during the next year, said a statement from the conference.
As 2010 was the last year in the counry's 11th five-year plan, it was agreed economic and social development next year was of great importance to deal with the impact of the international economic downturn comprehensively and lay a sound foundation for China's 12th five-year plan.
Participants agreed more efforts would be made to promote the transformation of the economic development pattern and structural adjustment and to enhance the focus and flexibility of economic policy.
The Central Economic Work Conference comprises policy-making officials from the central government and its departments as well as provincial-level governments.
