Chinese Communist Party Pledges To Maintain Policy Stance Next Year

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Friday, the Political Bureau of the Communist Party of China Central Committee said the government will continue its proactive fiscal policy and moderately easy monetary policy next year, hinting that there will not be any early exit.

The decision was taken in a meeting of the 25-member Politburo, chaired by President Hu Jintao, China's official Xinhua news agency reported.

According to the report, the ruling party decided to take more efforts to improve the quality and efficiency of economic growth, to promote the transformation of the economic development pattern and structural adjustments, according to a statement released after the meeting.

During next year's economic work, the government would improve policies to spur consumption and ensure investment grow at a reasonable pace, the report said.

Friday, the Political Bureau of the Communist Party of China Central Committee said the government will continue its proactive fiscal policy and moderately easy monetary policy next year, hinting that there will not be any early exit. (Market News Provided by RTTNews)