BEIJING: The top leadership of the Communist Party of China called for stabilizing the real estate market and strengthening fiscal and monetary policy support at a meeting, vowing to strive to hit the targets for this year’s economic and social development.
Economists and market analysts said the meeting reflected top policymakers’ intensified emphasis on reviving market confidence and stabilizing economic prospects amid headwinds.
A number of concrete measures to stabilize the property market and boost fiscal spending are expected, which will lay the foundation for the world’s second-largest economy to achieve steady growth this year and next, they added.
The Political Bureau of the CPC Central Committee held the meeting on Thursday to analyze and study the current economic situation and make further arrangements for economic work.
Xi Jinping, general secretary of the CPC Central Committee, presided over the meeting.
It was agreed at the meeting that the Chinese economy has posted a generally stable performance this year, making progress while ensuring stability. It is necessary to take a comprehensive, objective and sober view of the current economic situation, face the difficulties squarely and remain confident , said a statement issued after the meeting.
The country should effectively implement existing policies, step up efforts to roll out incremental policies and strive to accomplish the targets and tasks for this year’s economic and social development, it added. –The Daily Mail-China Daily news exchange item
