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China vows to strengthen macro-control to keep sound economic fundamentals

Updated: May 13,2020 10:35 PM    Xinhua

BEIJING — China will step up its macro-regulation to keep the economic fundamentals steady, according to a State Council executive meeting on May 13.

The country will use a combination of fiscal, monetary, social insurance and pro-employment policies to ensure the six priorities and the stability in six areas, according to the meeting chaired by Premier Li Keqiang.

The meeting called for solid efforts to ensure the six priorities, namely, employment, people's livelihood, the development of market entities, food and energy security, stable operation of the industrial and supply chains, as well as smooth functioning at the community level.

With the six priorities being addressed, the country can better ensure stability in the six key areas, namely, stability in employment, finance, foreign trade, foreign investment, domestic investment, and market expectations, the meeting said.

The meeting also called for enhanced reform and opening-up efforts and incentives to encourage innovation at the primary levels so that more economic vitality can be unleashed.

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