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China's macroeconomic policies will remain stable in a bid to maintain growth in "a reasonable range", the country's politburo said on Friday after a meeting chaired by President Xi Jinping.

The People's Bank of China will continue to provide liquidity at an appropriate and ample level and to support the recovery of small and medium-sized companies, the statement said, adding that authorities will work to stabilise the supply and price of commodities. The pandemic situation is evolving and the external environment remains complicated, the statement said, adding that the domestic recovery is still unstable and imbalanced.

Fiscal policy will focus on improving the efficiency of investment and local government debt issuance.

Risks in key sectors will be prevented and the regulators will ensure the healthy development of the property market. China will improve regulation of companies which seek to list overseas and enforce policies related to the third child rule, the meeting said.