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China to Normalize Policies Moderately in 2021: Journal

CHINA PRESS
MNI (Sydney)

China is likely to keep its monetary and fiscal policies moderate next year with targeted measures, the China Securities Journal said in a commentary following the Central Economic Work Conference last week. There will be no excess liquidity injection and the macro-leverage ratio will be maintained, the commentary said. Fiscal policy will largely maintain its strength and the preference for key areas, Support for private and small companies may be retained while tax and fee reductions are likely to be more precise, the Journal said.

MNI Sydney Bureau | +61-405-322-399 | lachlan.colquhoun.ext@marketnews.com
MNI Sydney Bureau | +61-405-322-399 | lachlan.colquhoun.ext@marketnews.com

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