Setting the growth agenda
By Wang Yu, Chen Jia,and Cheng Yu | China Daily | Updated: 2017-12-26 07:17
High-quality development, curtailing economic risks key objectives of policies for China over the next year
Setting economic policy has always been a tightrope walk for policymakers in China and 2018 seems to be no different. That said, the key objectives for most of this year was rebalancing the country's economic structure and fending off potential credit risks - and this will probably continue for the most of next year.
By the end of November, the growth rate of China's broad money supply, or M2, stood at 9.1 percent, much less than the yearly target of "about 12 percent", dropping from 11.3 percent in 2016 and 13.3 percent in 2015, according to the People's Bank of China, the central bank.
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