´´China's economy will maintain steady growth in the second half of this year amid "extremely complicated domestic and international conditions," according to the Political Bureau of the Communist Party of China (CPC) Central Committee.
The central authorities will continue to coordinate the tasks of stabilizing growth, restructuring the economy and promoting reforms, according to a statement released Tuesday after a meeting held by the Political Bureau of the CPC Central Committee.
The meeting was presided over by General Secretary of the CPC Central Committee Xi Jinping.
"Macro policy should be stable, micro policy should be flexible and social policy should support the bottom line. All of them should be coordinated," read the statement.
The direction, intensity and pace of the macro regulation should be managed well. The proactive fiscal policy and prudent monetary policy will remain, it said.
The IMF in its latest Country report of China reccommended fiscal strong support if the economy fell more than anticipated.
Source Xinhua
