Central Economic Work Conference: Major tasks of 2020

4. Implement a proactive fiscal policy and prudent monetary policy.

The fiscal policy should focus on improved quality and efficiency with more efforts on structural adjustment, while the monetary policy should be flexible and moderate to maintain market liquidity at a reasonably ample level, reducing the cost of social financing.

Industries and consumption should be upgraded, and the country should fully tap into the advantages of China's considerable market, and give play to the underpinning role of consumption and the pivotal role of investment.