China reaffirms pro-growth policy for 2010

Posted by 7Star Sunday, November 29, 2009

China gave no sign on Friday that it was planning an early exit from its stimulus policies, pledging to stick with a pro-growth stance in 2010 to cushion the fallout of the financial crisis. A meeting of the Communist Party reaffirmed the relatively loose monetary setting and active fiscal policy adopted a year ago as the crisis reached its peak, but said there was a need to implement policy flexibly.

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