BEIJING, Oct 28(ABC): China will continue to effectively implement the policy package for stabilizing the economy and the follow-up policies, to further promote economic recovery and growth, according to the decision made at the State Council’s Executive Meeting chaired by Premier Li Keqiang on Wednesday.
The meeting urged efforts to fully study and implement the guidelines laid out at the 20th National Congress of the Communist Party of China. After arrangements are made, the key lies in delivering them on the ground. All departments should perform their duties diligently and ensure effective policy implementation, to strive for sound economic and social development.
Since April this year, to cope with shocks from greater-than-expected factors, a policy package for stabilizing the economy and follow-up policies have been introduced in a timely and decisive manner, with front-loaded implementation of the policies outlined at the Central Economic Work Conference and in the government work report.
These policy measures are both forceful and appropriate, which are conducive to stabilizing the current economic performance and promoting sustained development. The economic slide in early second quarter was reversed in time. The economy is stabilizing and picking up, which is no easy feat. This also creates a critical window of opportunity for boosting the upward momentum.
Efforts will be made to ensure policy implementation and further unlock policy effects, keep employment and prices stable, secure better economic performance in the fourth quarter over the third and keep major economic indicators within a proper range.