Financial stability to rule economic goals

Building modern, central banking system and lower systemic risks to be key priorities

The creation of a modern, central banking system and ensuring financial stability will be the key objectives of China's macroeconomic goals, along with the ongoing efforts to further facilitate supply-side structural reforms, according to officials and economists.

The Fourth Plenary Session of the 19th Central Committee of the Communist Party of China (CPC), held late last month, emphasized the necessity of building a modern central banking system, improving the base money issuance mechanism, and enhancing the marketoriented interest rate system.