Pol­icy set­tings to re­main steady dur­ing Q4

Global Times US Edition - - BIZOVE -

of the CPC Cen­tral Com­mit­tee, said that China has achieved sus­tained and healthy eco­nomic and so­cial de­vel­op­ment this year but also faces down­ward pres­sure.

The meet­ing called for more proac­tive mea­sures to be taken to sup­port the econ­omy.

Growth of the world’s sec­ond­largest econ­omy slowed to 6.5 per­cent in the third quar­ter from the sec­ond quar­ter’s 6.7 per­cent.

How­ever, China is ca­pa­ble and con­fi­dent of reach­ing its an­nual eco­nomic growth tar­get of around 6.5 per­cent in 2018, the Na­tional Bureau of Statis­tics (NBS) said on Oc­to­ber 19.

“Look­ing at me­dia cov­er­age of the meet­ing, fis­cal and mon­e­tary poli­cies will re­main largely un­changed for the fourth quar­ter, but at the ex­e­cu­tion level we can ex­pect to see more ef­forts on the co­or­di­nated ex­e­cu­tion of poli­cies. The fo­cus will be on sup­port­ing do­mes­tic de­mand and struc­tural ad­just­ment, so as to ef­fec­tively cope with risks caused by weak­en­ing ex­ter­nal de­mand,” Liu Xuezhi, an econ­o­mist at Bank of Com­mu­ni­ca­tions, told the Global Times on Thurs­day.

“The meet­ing reem­pha­sized the fo­cus on sta­bil­ity in ar­eas like em­ploy­ment, the fi­nan­cial sec­tor, for­eign trade, for­eign in­vest­ment, do­mes­tic in­vest­ment and mar­ket ex­pec­ta­tions,” Cong Yi, an eco­nom­ics pro­fes­sor at the Tian­jin Uni­ver­sity of Fi­nance and Eco­nom­ics, told the Global Times.

Xi has called for greater re­solve and stronger mea­sures in deep­en­ing the coun­try’s re­form and open­ing-up dur­ing his in­spec­tion tour of South China’s

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