BEIJING – China's top economic planner said on Friday that it will implement more proactive and effective macro policies in 2025 to foster an economy on an upward trajectory with better structure and sound momentum.
Speaking at a national work conference, Zheng Shanjie, chairman of the National Development and Reform Commission (NDRC), stressed efforts to strengthen counter-cyclical adjustment and improve the consistency of macroeconomic policy orientation.
Efforts will be made to expand domestic demand on all fronts, develop a unified national market, promote the upgrading of key industries, deepen people-centered new urbanization, and work actively and prudently toward the goals of reaching carbon emissions peaking and carbon neutrality, according to Zheng.
The NDRC will also step up moves to fulfill the goals and tasks in the 14th Five-Year Plan (2021-2025) and carry out the formulation of the 15th Five-Year Plan (2026-2030) effectively, he said.
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The NDRC chief also highlighted some major tasks this winter, including agricultural production, the supply of coal, power, oil and natural gas, and travel-rush management.
Separately, He Lifeng, director of the office of the Central Financial Commission and secretary of the Central Financial Work Commission, said that a moderately loose monetary policy should be well implemented to provide stronger support for expanding domestic demand, developing new quality productive forces and promoting economic transformation and upgrading.
He made the remarks while attending a national work conference for the financial system, which took place on Friday.
Efforts should be made to effectively prevent and defuse financial risks in key areas and external shocks in an orderly manner, promote the steady and healthy development of the capital market and other areas, and firmly guard against the occurrence of systemic risks, he said.
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It is necessary to strengthen financial supervision, continuously improve the quality and effectiveness of finance serving the real economy, and effectively alleviate small and micro enterprises' problems in accessibility, cost and efficiency when obtaining financing, said He.
Work needs to be done to promote the expansion and efficiency of "white list" projects and consolidate the momentum to stabilize the property market and reverse its downturn, he said stressing the need to increase support for foreign trade enterprises.