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The Central Economic Work Conference will be held in Beijing from December 15th to 16th. The meeting called for next year to insist on stability and progress while maintaining stability, continue to implement a proactive fiscal policy and a prudent monetary policy, increase macroeconomic policy regulation, strengthen coordination and cooperation of various policies, and form a joint force to promote high-quality development. A proactive fiscal policy must be strengthened to improve efficiency, maintain the necessary fiscal expenditure intensity, and ensure fiscal sustainability and controllable local government debt risks while effectively supporting high-quality development. A prudent monetary policy must be precise and powerful, maintain reasonable and sufficient liquidity, and guide financial institutions to increase support for small and micro enterprises, technological innovation, and green development. (CCTV News)
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