BEIJING — China will keep economic policies stable while making them more effective in 2020 to help achieve its annual growth target, the Xinhua news agency said after a meeting of top officials as the economy has cooled amid a trade war with the United States. The annual Central Economic Work Conference, a closed-door gathering of top leaders and policymakers, is being watched by investors for any fresh policy steps to ward off a sharper slowdown in the world second-largest economy. "In order to achieve the expected target for next year, we should prioritize stability. Macro policies will be stable, micro policies will be flexible, underpinned by social policies," Xinhua reported on Thursday, after the meeting. China's economic growth cooled to a near 30-year low of 6% in the third quarter and could slip further in the fourth quarter, although for the full year it remains on track to meet the government's target of 6%-6.5%.

Source: International New York Times December 12, 2019 12:33 UTC