Tax cuts will be stepped up

Proactive fiscal policy to continue, conference agrees

China's annual tone-setting Central Economic Work Conference concluded on Friday, with participants agreeing to step up tax cuts and keep monetary and fiscal policies more accommodating to support growth, according to a statement published by Xinhua News Agency.

Policymakers at the meeting, which was presided over by President Xi Jinping, also agreed to continue to push all-around opening-up next year and protect the legitimate interests, especially intellectual property rights, of foreign enterprises.