China will keep its macro policies consistent, stable, and sustainable in 2021 to push forward steady economic recovery and high-quality development, according to a statement Friday after the annual Central Economic Work Conference in Beijing, state media reported. The meeting, held from Wednesday, charted a course for the economy in 2021. President Xi Jinping reviewed the economic work in 2020, analyzing the current situation, and arranging the economic work for the next year, the state media said. According to the statement, China will continue to implement proactive fiscal policy and prudent monetary policy, amid efforts to maintain necessary support for economic recovery. China will appropriately manage the tempo and strength of its macro-control and implement targeted and effective macro policies, the statement said.

Source: The Standard December 18, 2020 16:30 UTC