Pledging an environment for growth
Print Edition
CHINA’S leaders yesterday pledged policies that would create an amicable environment for economic growth and structural reform.
At a meeting to discuss a draft of the annual government work report and proposals for the 13th Five-Year Plan, the Political Bureau of the Party’s Central Committee said enhancing growth quality and efficiency will be the focus of the 2016-2020 period.
China will continue to implement proactive fiscal policies and prudent monetary policies, while stepping up supply-side structural reforms to power growth, according to a statement released after the meeting.
More should be done to make the most of domestic demand potential, the statement said.
The leadership also pledged to speed up development of modern agriculture and push forward a new round of high-level opening-up. Green development will also be made a priority.
The statement listed the cutting of industrial capacity, de-stocking, de-leveraging, lowering corporate costs and identifying weak links as major tasks for the year.
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