Experts weigh in on Central Economic Work Conference
For next year, the Central Economic Work Conference said China will keep its macro policies consistent, stable and sustainable, with continued implementation of a proactive fiscal policy and prudent monetary policy.
"There's still plenty of room for next year's monetary policy," Wen said, adding that to ensure a stable macro leverage ratio, the growth of broad money supply, or M2, and social financing should basically match with that of GDP.
At present, China's economic growth expectations are optimistic, at least for the first half of next year, Wen said. If inflation doesn't rise again, there is high probability that the central bank will maintain the medium-term lending facility rate unchanged. However, the possibility that banks provide a discount cannot be ruled out.
