Qu said the government should maintain the current relatively loose monetary policy, or a moderate growth in social financing, via quantitative tools like cutting required reserve ratio and conducting reserve repos instead of lowering bank interest rates.
Qu said he expected the government to be more active in fiscal policies and take further moves in structural tax reduction, as well as increasing public spending in fields related to people's livelihood.
The moderate growth, which is slower than the country's potential growth rate, will reduce risks of a rapid rebound in inflation and leave room for government policies to stay loose, he said, adding that it is not necessary to raise the bank interest rates.
Qu said China's potential growth rate will stay at around 9 percent in the next few years, a decline from the 10 percent level in the past decade.
This mainly reflects subtle changes in the country's population trend, he said.
In 2012, the number of working-age people in China decreased by 3.45 million to 937.27 million, NBS data showed. It is the first time the country has recorded an absolute drop in the working-age population in "a considerable period of time," according to the NBS chief, Ma Jiantang.
Qu said it is a bit of an exaggeration to say that changes in population trend caused a drop in labor expansion and will lead to a decline in the country's potential growth rate.
In the past ten years, the growth in labor has only contributed less than one percentage point to China's double-digit growth, he said.
'Collective children's weddings' held in kindergarten
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