China’s Economic Planner Vows to Tap Pro-Growth Policy Reserve

China is confident it can ensure steady economic growth and keep inflation in check, according to officials at the top economic-planning agency, who reiterated a vow to tap policy reserves when necessary.

The government will coordinate Covid control and economic development in a “highly effective” way, adjusting policy based on the local situation to contain outbreaks and avoiding “one-size-fits-all” policies, said Ou Hong, a deputy secretary general of the National Development and Reform Commission. It will accelerate the resumption of work, smooth problems in transportation and logistics, and restore normal production and life, while also sticking to “dynamic Covid Zero,” he said.