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BEIJING (MNI) - China's Politburo, the most powerful body of the governing
Communist Party, said Tuesday that fiscal policies must create a greater impact
in boosting domestic demand and structural adjustments.
The following provides a snapshot of the circular released by the Xinhua
-Ensuring stable and healthy economic growth was the top agenda on the
list. The government must the polices more forward-looking, flexible and
effective, the Politburo said, reiterating "proactive fiscal policy and prudent
-The meeting was chaired by party General Secretary Xi Jinping.
-Monetary supply must be properly managed and liquidity must be "reasonably
abundant," it said. The government shall "stabilize employment, finance, trade,
foreign capital, investment, and market expectations," the Politburo added.
Foreign companies' lawful rights in China should be protected, according to
Other key points mentioned included; Coordinate preventing financial risks
with serving real economy; Be resolute in deleveraging; Further reform and
opening, reduce market barriers, promote the Belt and Road Initiative; Curb
increase in property prices and ensure supply and demand in balance; Elevate the
position of stabilizing employment; Cadres must also strictly support the CPP
central authority and leadership.
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