Caixin
ECONOMY

China’s Leaders Set Out Economic Agenda for Rest of 2017

By Fran Wang
The Chinese Politburo emphasized at its most recent meeting that the government’s proactive fiscal policy, and prudent and neutral monetary policy, will be maintained, suggesting that the country's top leaders are focusing on financial reform rather than growth. Above, workers are seen at a construction site in Zhengzhou, Henan province, on May 19. Photo: Visual China
The Chinese Politburo emphasized at its most recent meeting that the government’s proactive fiscal policy, and prudent and neutral monetary policy, will be maintained, suggesting that the country's top leaders are focusing on financial reform rather than growth. Above, workers are seen at a construction site in Zhengzhou, Henan province, on May 19. Photo: Visual China

(Beijing) — China will focus on containing systemic financial risk, pushing ahead with structural reform, deepening a crackdown on financial irregularities, and maintaining controls over the property market in the second half of the year, the country’s top leaders said.

The announcement, made after a meeting of the Politburo, the group comprising the ruling Communist Party’s most senior 25 officials led by President Xi Jinping, sets the tone for economic policy for the rest of the year. The leaders vowed to guard against systemic financial risks, and to maintain continuity and stability in policies to “create a good environment” for the 19th National Congress of the Communist Party later this year, when a major reshuffle of high-ranking officials will take place. The meeting, which focused on the economy, also reiterated on Monday that the government’s proactive fiscal policy, and prudent and neutral monetary policy, will be maintained.

You've accessed an article available only to subscribers
Try 4 weeks for $0.99
SUBSCRIBE
Share this article
Open WeChat and scan the QR code
Copyright © 2017 Caixin Global Limited. All Rights Reserved.