China Targets ‘Reasonable’ Monetary Policy as Economy Recovers
- Fiscal policy to be more sustainable after 2020 stimulus push
- Annual economic conference pledges no ‘sharp turn’ on policy
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China said it will implement “reasonable” monetary policy next year and ensure fiscal plans are “sustainable,” signaling it will limit its stimulus measures as the economy continues to recover.
The comments were published by state media Friday after the Communist Party’s annual Central Economic Work Conference. The ruling party uses the event to set its policy framework for the coming year, with analysts expecting a renewed focus in 2021 on slowing the pace of debt growth and insulating the economy from tensions with the U.S.