The central bank will free up part of the reserves of some commercial lenders to unleash long-term funding to the economy. Fiscal policy will be more proactive, while construction projects will be accelerated, according to a statement issued after a Politburo meeting chaired by President Xi Jinping. - China Daily/ANN
BEIJING: China’s top leaders said they will exercise more flexibility in monetary and fiscal policy, signalling a greater focus on reviving an economy pummelled by the virus outbreak.
Fiscal policy will be more proactive, while construction projects will be accelerated, according to a statement issued after a Politburo meeting chaired by President Xi Jinping on Friday.
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