CPC leadership sets tone for economic policy China will strive to stabilize the fundamentals of its macro economy next year, with steps to make its fiscal policies more efficient, targeted and sustainable and promote the steady recovery of consumer spending, the core leadership of the Communist Party of China said on Monday

CPC leadership sets tone for economic policy China will strive to stabilize the fundamentals of its macro economy next year, with steps to make its fiscal policies more efficient, targeted and sustainable and promote the steady recovery of consumer spending, the core leadership of the Communist Party of China said on Monday

The meeting of the Political Bureau of the CPC Central Committee set the tone for the nation's economic policies next year, highlighting stability as the top priority and the need to continue to implement a proactive fiscal policy and a prudent monetary policy

The meeting of the Political Bureau of the CPC Central Committee set the tone for the nation's economic policies next year, highlighting stability as the top priority and the need to continue to implement a proactive fiscal policy and a prudent monetary policy

The top leadership said the nation will strive to stabilize the fundamentals of its macro economy next year, with steps to make its fiscal policies more efficient, targeted and sustainable, and China will continue to implement a proactive fiscal policy and a prudent monetary policy.

The top leadership said the nation will strive to stabilize the fundamentals of its macro economy next year, with steps to make its fiscal policies more efficient, targeted and sustainable, and China will continue to implement a proactive fiscal policy and a prudent monetary policy.

While China's economy is set to maintain the trend of recovery, there are rising uncertainties and risks, both domestically and externally, such as further COVID-19 outbreaks, said analysts. They see countercyclical and cross-cyclical adjustments as crucial to coping with the downward pressure in 2022, saying that a proactive fiscal policy should have a greater effect on stabilizing the economy while a prudent monetary policy should maintain reasonable liquidity to support the recovery

While China's economy is set to maintain the trend of recovery, there are rising uncertainties and risks, both domestically and externally, such as further COVID-19 outbreaks, said analysts. They see countercyclical and cross-cyclical adjustments as crucial to coping with the downward pressure in 2022, saying that a proactive fiscal policy should have a greater effect on stabilizing the economy while a prudent monetary policy should maintain reasonable liquidity to support the recovery