Chinanews, December 10th. The Central Economic Work Conference was held in Beijing from December 8th to 10th.
The meeting pointed out that macroeconomic policies must be stable and effective.
We must continue to implement a proactive fiscal policy and a prudent monetary policy.
A proactive fiscal policy must improve efficiency and pay more attention to precision and sustainability.
It is necessary to ensure the intensity of fiscal expenditures and speed up the progress of expenditures.
Implement new tax and fee reduction policies, strengthen support for small, medium and micro enterprises, individual industrial and commercial households, manufacturing, risk mitigation, etc., and appropriately advance infrastructure investment.
Party and government agencies must insist on living a tight life.
Strict financial discipline.
Resolutely curb new hidden debts of local governments.
A prudent monetary policy must be flexible and appropriate to maintain reasonable and sufficient liquidity.
Guide financial institutions to increase support for the real economy, especially small and micro enterprises, technological innovation, and green development.