After concluding the annual conference on economics, China has reiterated that it will maintain the sustainability, stability and continuity of macroeconomic policies, Reuters reported, citing Chinese state media.
“China will continue to implement a proactive fiscal policy,” the news said. The monetary policy implemented will be prudent and will seek to be “flexible, objective and appropriate”.
The government will maintain the necessary political support for China’s economic recovery in 2021. It was indicated that capital from banks will be replenished through multiple channels.
Regarding the exchange rate, it was reported that the reform will keep the yuan exchange rate basically stable.
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