China to Implement ‘Forward-leaning’ Policies, Prevent Slowdown

China’s central and regional authorities are asked to implement policies that are “forward-leading” and help keep the economy stable, Han Wenxiu, the deputy director of the Central Financial and Economic Affairs Commission, said in a forum on Dec. 11, Yicai.com reported. Han commented on the concluded Central Economic Work Conference. China will be “prudent” when introducing any policies that may cause economic contraction, nor will it let long-term goals and non-economic policies affect short-term growth, according to the spirit of the conference. While China faces a considerable number of risks, they are overall controllable, said Han. Fiscal and monetary policies must be coordinated that integrate “cross-cycle” and countercyclical policies, Han said.