China plans prudent, neutral monetary policy

CHINA’S top policy makers said they plan prudent and neutral monetary policy and proactive fiscal policy next year as they seek to sustain a steady expansion with room for reforms.

Preventing and controlling financial risk to avoid asset bubbles will be a priority, along with deepening supplyside structural reform, according to a statement yesterday from the official Xinhua News Agency issued after officials concluded the threeday Central Economic Work Conference in Beijing. Policy makers said they aim to ensure currency and liquidity levels are both kept basically stable.