Off the wire
• Myanmar's election process credible, transparent: EU mission  • China's mobile Internet users hit 875 mln  • 1st Ld-Writethru: Vice mayor of Shanghai under probe  • Cambodia repatriates 168 Chinese suspects in telecom scams to China  • Foreign exchange rates in India  • Indonesia's prominent university holds seminar on Chinese Dream  • Gold price closes down in Hong Kong  • IS suicide attack kills Taliban commander in S. Afghanistan  • Foreign exchange rates in Hong Kong  • Vice mayor of Shanghai under probe  
You are here: 　 Home

Xi vows faster economic structural reform

Xinhua, November 10, 2015 Adjust font size:

China will accelerate economic structural reform on the supply front to lend more steam to sustainable growth, President Xi Jinping said Tuesday.

Proactive fiscal policy and prudent monetary policy will be applied to offer a stable macro environment for economic restructuring, Xi told a meeting of the Central Leading Group for Financial and Economic Affairs.

"The government should come up with targeted industrial policies to support the real economy and improve market conditions to give full play to the potential of firms and consumers," he said.

Promoting mergers and acquisitions to reduce overcapacity, lowering business costs for firms, destocking the property market and building a stock market with sound financing functions, mechanisms, regulation and investor rights protection are the key tasks for the government, according to the president.

Xi also called for better city design and management as well as the protection of historical buildings along with urbanization. Endi