Sustainable growth path

As the world's major economies ponder when and how to withdraw their stimulus policies amid an economic recovery, China has decided to continue a proactive fiscal policy and a moderately easy monetary policy next year.

The agreement, reached by the Political Bureau of the Communist Party of China Central Committee after the Central Economic Work Conference on Friday, indicates the nation will maintain continuity and stability in macroeconomic policies.

Policy continuity and stability are what the nation needs at this particular juncture as the global and domestic economic recovery is too fragile for an early exit strategy.