MNI POLICY: China Politburo Urges More Effective Fiscal Policy

     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

News Agency. 

     -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

monetary policy."

     -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

the statement. 

     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.

--MNI Beijing Bureau; +86 10 8532 5998; email: william.bi@mni-news.com

--MNI London Bureau; tel: +44 203-586-2225; email: les.commons@marketnews.com

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