Latest News:  

English>>Business

China vows policy continuity to steady market expectations

(Xinhua)

08:15, June 27, 2013

BEIJING, June 26 (Xinhua) -- The State Council, or China's cabinet, on Wednesday reiterated that current economic policies will be maintained in order to stabilize market expectations.

China's economic condition is generally stable this year and the government can steadily proceed with measures that can balance short-term growth and structural adjustments for long-term benefits, according to a statement released after an executive meeting of the State Council presided over by Premier Li Keqiang.

The State Council called for optimizing investment structures in order to channel more credit and social funds to areas that can create new growth impetus in a sustainable way, such as the renovation of run-down urban areas.

"China will push forward institutional innovation in order to unleash the dividends of reform and stimulate the market to help meet this year's growth target," the cabinet said.

Wednesday's meeting focused on accelerating the renovation of dilapidated neighborhoods in order to drive investment and consumption.

Ten million households in run-down areas will be renovated over the next five years, including 3.04 million households this year, the State Council said.

The government will offer financial support, as well as preferential tax and land policies, for the renovations, which the cabinet said will help improve people's livelihoods and boost investment and consumption demand.

The cabinet called for contractors to guarantee the quality of the renovations and ensure that they will be completed on time.

The cabinet also said the government will continue to regulate the property market to ensure its healthy development.

We Recommend:

'All in Tuning All in Caravanning' Show

HK's new cruise terminal receives luxury liner

Huawei unveils thinnest smartphone in Singapore

Airbus A350 lands safely from test flight in S. France

Special coverage: China-EU solar row

Highlights of ATC Show 2013

Top 10 luxury villas of China in 2013

Turn rabbit to 'gold' - A young entrepreneur's goal

Hilton to open 120 new hotels in China

Email|Print|Comments(Editor:WangXin、Gao Yinan)

Leave your comment0 comments

  1. Name

  

Selections for you


  1. Special forces in joint training


  2. J-15 fighter fastened on aircraft carrier

  3. Best photos of week (June 17 - June 23)

  4. Terraced fields in SW China

  5. China's weekly story (2013 6.15-6.21)

  6. Photos: Hazy life in Beijing

  7. Camacho's embarrassing records

  8. Cos girls shining at Kafu Comic-Con

  9. Chinese shares extend losses

  10. Highlights of luxury China 2013

Most Popular

Opinions

  1. Money not the answer to all problems
  2. Syria conference unlikely to be in July
  3. Snowden not on board flight to Cuba
  4. Cause of human rights should ground in reality
  5. Snowden case should not affect Sino-U.S. ties
  6. Chinese consumer spending weakens
  7. Think tank has huge potential for development
  8. Why top scorers in Gaokao choose to go abroad
  9. Mobile Web alters Internet industry
  10. Stocks plunge, analysts eye liquidity

What’s happening in China

Wait and See!
I can catch you, rats

  1. Shanghai reports 1 H7N9 death
  2. 5 dead, 23 injured in NW China road accident
  3. Rehab centers face obstacles in China
  4. Sniffer dogs get new life with families
  5. Chemical plant blaze blamed on illegal work