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China to maintain consistent economic policies in 2014

English.news.cn   2013-12-13 21:16:44            

BEIJING, Dec. 13 (Xinhua) -- China will continue to implement its proactive fiscal and prudent monetary policies in 2014, according to a statement issued Friday after the closure of a four-day central economic work conference.

The country will push forward interest rate liberalization and exchange rate reforms next year, the statement said.

The government will further adjust the structure of expenditures, practise strict economy, improve the fund use efficiency, improve structural tax cuts policies and expand the trials for replacing turnover tax with a value-added levy to more sectors, said the statement.

The country will "keep a reasonable growth of monetary credit and social fund-raising scale, optimize the fund-raising and credit structure and increase the proportion of direct financing," it said.

All policies will be closely tied to deepening reform in all fields, it added.

The country should "make efforts to free up demand, give full play to the fundamental role of consumption, the pivotal role of investment and the supporting role of exports," said the statement.

China has kept a proactive fiscal policy since late 2008, when the country unveiled a 4-trillion-yuan (654.7 billion U.S. dollars) stimulus package to counter the impact of the global financial crisis. Its monetary policy has been prudent since late 2010.


Three-dimensional policy drives steady growth of Chinese economy in 2013

BEIJING, Dec. 12 (Xinhua) -- A three-dimensional policy focusing on the macro economy, micro economy and social security has led to steady growth of the Chinese economy in 2013 amid uncertain post-crisis recovery worldwide.

China's macroeconomic data released this week show the country is on track to meet the government's economic growth target for this year. Full story

China's economy to grow 7.5%

BEIJING, Dec. 3 (Xinhua) -- China's economy is expected to expand 7.6 percent in 2013 and then edge down to around 7.5 percent in 2014, the State Information Center (SIC), a government think tank, has forecast.

The SIC advised the central government to set the economic growth target for 2014 at 7 percent in an effort to focus more effort on reform and adjusting the economic structure. Full story

China's economy to maintain growth: think tank

BEIJING, Dec. 10 (Xinhua) -- A major government think tank on Tuesday predicted "a stable growth with medium and high-speed" for China's economy in 2014, but said that high local government debt, employment and environmental issues still challenge the country's development.

According to "The Economic Bluebook: Analysis and Forecast of China's Economy in 2014," issued by the Chinese Academy of Social Sciences, the country's GDP will increase by about 7.5 percent in 2014, and reform, opening up and economic restructuring will accelerate. Full story

China Focus: China's central bank expected to maintain monetary stance

BEIJING, Dec. 12 (Xinhua) -- Higher-than-expected growth in China's new RMB lending and total social financing in November indicates that China's liquidity conditions remain favorable for 7.5 percent or higher GDP growth, and the central bank is likely to maintain its monetary stance, economists said.

Market participants had been worried over possible credit tightening measures by the central bank, the People's Bank of China (PBOC), due to a jump in yields on Chinese government bonds (CGB) in mid-November. Full story

Editor: chengyang
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