The Central Economic Work Conference has concluded in Beijing, announcing that proactive fiscal policies and prudent monetary policies will continue in 2014. At this year’s conference, President Xi Jinping, Premier Li Keqiang, and other members of the standing committee of the CPC Central Committee came together to plan economic policies for the year ahead.
The meeting summarized the economic work in 2013 and put forward major tasks for the next year. It’s pointed out that the most important goal for next year is to seek further stabilized growth and reforms. China will expand reforms into different sectors. The market’s role will be emphasized and transforming China’s economic growth pattern will be accelerated.
Other targets include promoting innovation, reducing taxes and lowering funding costs. This year’s meeting, lasting four-days has been the longest session in over a decade, and took special importance as it followed last month’s Party session that laid out outlines for reform.
Source: CCTV
