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NDRC: Economic fundamentals in good shape
CHINA'S economic fundamentals remained sound in general and the growth rate was within the expected range, Deputy Director of the National Development and Reform Commission Du Ying said today while acknowledging growing downward pressure at the same time.
"The State Council convened a meeting recently to study current economic conditions," Du said at a press briefing. "The Cabinet stressed a more important position of stabilizing development, and ordered to keep balance between growth, inflation and economic restructuring."
Du said China will continue to accelerate structural tax reduction reforms and maintain prudent monetary policies. The country will also beef up efforts to promote domestic consumption and stabilize exports.
"We believe China's economy can achieve stable and relatively fast growth with these policies," Du said.
"The State Council convened a meeting recently to study current economic conditions," Du said at a press briefing. "The Cabinet stressed a more important position of stabilizing development, and ordered to keep balance between growth, inflation and economic restructuring."
Du said China will continue to accelerate structural tax reduction reforms and maintain prudent monetary policies. The country will also beef up efforts to promote domestic consumption and stabilize exports.
"We believe China's economy can achieve stable and relatively fast growth with these policies," Du said.
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