Chinese authorities will continue to rely on targeted macro policies to support growth in the latter half of the year as downside risks still exist in various quarters.
In a meeting of the Political Bureau of the CPC Central Committee on Tuesday, authorities stressed the need to maintain policy continuity, with more emphasis on targeted steps to balance short-term growth and long-term development.
"China's development has to sustain a certain speed, or else many problems will be difficult to solve," said a statement released after the meeting.
The message is that the government will strengthen existing targeted support to ensure economic growth stays within a proper range, analysts said.
After a shaky start this year, Chinese policymakers have pinned hopes on quickening fiscal spending and selectively easing monetary policies to support faltering growth.Â
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Chinese authorities will continue to rely on targeted macro policies to support growth in the latter half of the year as downside risks still exist in various quarters.
