China to use policy-based, developmental financial instruments to support major projects, expand work-relief programs in key projects

BEIJING, June 30 (Xinhua) -- China will adopt policy-based and developmental financial instruments to support the development of major projects, in an effort to expand effective investment and spur employment and consumption, according to the decision made at the State Council's Executive Meeting chaired by Premier Li Keqiang on Wednesday.

The meeting highlighted the need to implement the prudent monetary policy to good effect, better harness structural monetary policy tools, and boost the capability of the financial sector to serve the real economy, so as to keep overall economic performance stable, and to secure employment and people's livelihoods.