From December 10 to 11, the Central Economic Work Conference was held in Beijing. “The fiscal policy for next year and the policy orientation for 2025 are consistent, and it is a major decision-making arrangement to deal with external shocks and internal risks and challenges.” Minister of Finance Lan Foan said that to implement a more active fiscal policy, it is necessary to maintain policy strength, maintain policy continuity, adhere to the close integration of investment in goods and investment in people, adhere to the combination of benefiting people's livelihood and promoting consumption, and adhere to the coordination of fiscal and monetary policies. “The financial department will prepare next year's budget and implement policies well in the spirit of the benchmarking conference to ensure that the Party Central Committee's policies are implemented effectively.” “This conference set out scientific and clear guidelines for getting off to a good start to the 15th Five-Year Plan and doing a good job in the economy next year.” Pan Gongsheng, Governor of the People's Bank of China, said that the People's Bank of China will earnestly implement the spirit of General Secretary Xi Jinping's important speech, continue to implement a moderately loose monetary policy, grasp the intensity, pace and timing of policy implementation, and create a favorable monetary and financial environment for steady economic growth and stable operation of financial markets. At the same time, prevent and mitigate financial risks in key areas, deepen financial reform and high-level opening-up to the outside world, and maintain the country's financial security.

Zhitongcaijing · 2d ago
From December 10 to 11, the Central Economic Work Conference was held in Beijing. “The fiscal policy for next year and the policy orientation for 2025 are consistent, and it is a major decision-making arrangement to deal with external shocks and internal risks and challenges.” Minister of Finance Lan Foan said that to implement a more active fiscal policy, it is necessary to maintain policy strength, maintain policy continuity, adhere to the close integration of investment in goods and investment in people, adhere to the combination of benefiting people's livelihood and promoting consumption, and adhere to the coordination of fiscal and monetary policies. “The financial department will prepare next year's budget and implement policies well in the spirit of the benchmarking conference to ensure that the Party Central Committee's policies are implemented effectively.” “This conference set out scientific and clear guidelines for getting off to a good start to the 15th Five-Year Plan and doing a good job in the economy next year.” Pan Gongsheng, Governor of the People's Bank of China, said that the People's Bank of China will earnestly implement the spirit of General Secretary Xi Jinping's important speech, continue to implement a moderately loose monetary policy, grasp the intensity, pace and timing of policy implementation, and create a favorable monetary and financial environment for steady economic growth and stable operation of financial markets. At the same time, prevent and mitigate financial risks in key areas, deepen financial reform and high-level opening-up to the outside world, and maintain the country's financial security.