国内英语资讯:CPC meeting stresses economic stability in H2, Party discipline_时事

国内英语资讯:CPC meeting stresses economic stability in H2, Party discipline

BEIJING, July 31 -- China will keep its economy on a stable and healthy development track with a proactive fiscal policy and prudent monetary policy in the second half of 2018, according to a meeting of the Political Bureau of the Communist Party of China (CPC) Central Committee on Tuesday.

The meeting, presided over by Xi Jinping, general secretary of the CPC Central Committee, stressed that China will maintain the basic tone of "seeking progress while maintaining stability" for its economic work and allow the economy to continue to perform within a reasonable range.

Efforts should be made to push supply-side structural reform and win the "three tough battles," according to a statement released after the meeting.

China's economy has maintained steady growth with good momentum in the first half year, according to the statement.

However, the economy still faces some new challenges and the external environment has changed notably. China should focus on the "principal contradiction" and take targeted measures to solve it, the statement said.

The country will continue to implement a proactive fiscal policy and prudent monetary policy while making policies more forward-looking, flexible, and effective.

Fiscal policy should play a bigger role in expanding domestic demand and structural adjustments. China will maintain control over the floodgates of monetary supply and keep liquidity at a reasonable and ample level.