Business
        

Economy

China to continue proactive fiscal policy in 2011

Updated: 2010-12-28 09:30

(Xinhua)

Twitter Facebook Myspace Yahoo! Linkedin Mixx

BEIJING - China will continue to implement its proactive fiscal policy in 2011 and better handle the relations between maintaining steady and relatively fast economic development, restructuring the economy and managing inflation expectations, Finance Minister Xie Xuren said Monday.

Xie, speaking at a national finance work conference, said that finance departments across the country should put more focus on stabilizing overall commodity prices next year to promote stable and relatively fast economic development and maintain social stability.

Related readings:
China to continue proactive fiscal policy in 2011 China to continue proactive fiscal policy in H2
China to continue proactive fiscal policy in 2011 China to continue proactive fiscal policy
China to continue proactive fiscal policy in 2011 China mulls withdrawing proactive fiscal policy
China to continue proactive fiscal policy in 2011 Watching for signs of a tighter new fiscal policy

He called for more efforts to raise people's incomes and boost domestic consumption. "The country will continue the reform in income distribution systems and strive to increase residents' incomes, especially those with lower salaries to boost people's consumption power," Xie said.

The country should keep the fiscal deficit and government-led investment at a reasonable level in 2011, while optimizing investments, he said.

Further, China will improve its tax policy and let the policy play a larger role in adjusting income distribution while reducing income inequalities.

China will also improve the structure of fiscal expenditure in order to ensure and improve people's livelihoods next year, said Xie, who added that great efforts should be made to support economic restructuring and a coordinated regional development, in a bid to advance the transformation of the economic growth mode.

E-paper

Ear We Go

China and the world set to embrace the merciful, peaceful year of rabbit

Preview of the coming issue
Carrefour finds the going tough in China
Maid to Order

European Edition

Specials

Mysteries written in blood

Historical records and Caucasian features of locals suggest link with Roman Empire.

Winning Charm

Coastal Yantai banks on little things that matter to grow

New rules to hit property market

The State Council launched a new round of measures to rein in property prices.

Top 10 of 2010
China Daily in Europe
The Confucius connection