Translation. Region: Russian Federal
Source: People's Republic of China in Russian – People's Republic of China in Russian –
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Source: People's Republic of China – State Council News
BEIJING, Sept. 12 (Xinhua) — China's financial policy will continue to aim to strike a balance between preventing risks and stimulating economic growth while maintaining sufficient room for maneuver, Finance Minister Lan Fo'an said Friday.
The underlying trend of China's long-term economic improvement remains intact, providing a solid foundation for financial operations, he said at a press conference.
According to the minister, over the past years the country has accumulated even more experience in the field of macro-regulation, enriched its political toolkit, significantly expanding its capabilities in the field of counter-cyclical and inter-cyclical regulation.
By improving risk prevention institutions and mechanisms in key areas and gradually eliminating existing risks, China has become even more prepared and confident in responding to future financial challenges, Lan Fo'an said.
He said that the financial authorities will continue to maintain the continuity and stability of policy measures, strengthen flexibility and prudence, keep policy instruments in reserve, and support high-quality socio-economic development through fiscal efforts. -0-
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