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