BEIJING: China will consolidate and expand the momentum of economic rebound, accelerate consumption recovery and stabilize foreign trade and investment, according to the decisions made at the State Council executive meeting chaired by Premier Li Keqiang on Saturday.
Noting the continuing trend of economic recovery and rebound, the meeting stressed the need to implement the decisions of the Central Economic Work Conference and focus on ensuring stability in growth, employment and prices, to keep the economic performance within a proper range. Solid steps will be taken to ensure effective implementation of the policy package for stabilizing the economy and its follow-up measures. Key projects and equipment upgrading and renovation supported by fiscal and financial policy tools will be advanced to generate more physical gains.
Policies to extend the duration of VAT relief for small-scale taxpayers and inclusive loans granted to micro and small businesses will be effectively implemented.
It is imperative to remain firmly committed to consolidating and developing the public sector, and to encouraging, supporting and guiding the development of the non-public sector, to protect the lawful rights and interests of private businesses and foster a market-oriented, world-class business environment governed by a sound legal framework.
–The Daily Mail-China Daily news exchange item
