China Continues Active Fiscal Policy

China Minister of Finance Speaking at the G20 meeting, Xie Xuren pointed out that in order to promote the steady recovery of the global economy, all countries should maintain the continuity and stability of macroeconomic policies. In accordance with their respective national conditions, we should carefully determine the timing and mode of exit strategy; while committed to economic growth, we should guard against and deal with inflation and financial risks; continue to oppose trade and investment protectionism, and promote the healthy development of international trade.

He stressed the need for concerted efforts by all countries to achieve strong, sustainable and balanced growth in the global economy. Developed countries should take effective measures to solve their own problems such as weak growth and unsustainable finances, and maintain the main reserve currencies. exchange rate Relatively stable, reducing international financial market Fluctuations. Developing countries should promote economic growth through reform and structural adjustment.

He pointed out that this year the Chinese government will continue to implement the proactive fiscal policy and moderately loose monetary policy, and grasp the intensity and emphasis of the policy in light of the economic situation at home and abroad, strive to expand domestic demand, adjust and optimize the structure, accelerate the transformation of the mode of economic development, and promote steady and rapid economic development.