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