MNI BRIEF: China Pledges To Boost Macro Policy Efforts
MNI (BEIJING) - China's top economic planner said Thursday it will increase policy reserves and launch a batch of additional measures that are operational and effective in a timely manner, according to Jin Xiandong, spokesman of the National Development and Reform Commission.
Authorities will step up macroeconomic policies and strengthen countercyclical adjustment, Jin told reporters.
The NDRC will increase its efforts to attract and utilize foreign investment and solve the problems faced by foreign investors in a targeted manner. It will also remove barriers and create conditions to attract more private capital to participate in the construction of major projects such as nuclear power and railways. (See MNI: China Needs Clarity, Opening To Reverse FDI Drop )