China Plans Prudent, Neutral Monetary Policy for Next Year
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China Emphasizes Prudent, Neutral Monetary Policy
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China’s top policy makers said they plan prudent and neutral monetary policy and proactive fiscal policy next year as they seek to sustain a steady expansion with room for reforms.
Preventing and controlling financial risk to avoid asset bubbles will be a priority, along with deepening supply-side structural reform, according to a statement Friday from the official Xinhua News Agency issued after officials concluded the three-day Central Economic Work Conference in Beijing. Policy makers said they aim to ensure currency and liquidity levels are both kept basically stable.