TheJakartaPost
Please Update your browser
Your browser is out of date, and may not be compatible with our website. A list of the most popular web browsers can be found below.
Just click on the icons to get to the download page.
Popular Reads
Top Results
No results found. Please check your search term and try again
Can't find what you're looking for?
View all search results
Popular Reads
Top Results
No results found. Please check your search term and try again
Can't find what you're looking for?
View all search resultsChina will be able to keep economic growth stable: State planner
Change text size
Gift Premium Articles
to Anyone
Share the best of The Jakarta Post with friends, family, or colleagues. As a subscriber, you can gift 3 to 5 articles each month that anyone can read—no subscription needed!
Vehicles make their way along a busy road past the Jing'an Temple in Shanghai on Oct. 14, 2021. (AFP/Hector Retamal)
C
hina has the confidence, condition, and ability to keep economic growth at a reasonable level, a senior state planning official told the Xinhua News Agency.
The world's second-largest economy faces multiple challenges heading into 2022, amid a property downturn and with strict COVID-19 curbs in some areas hurting consumer spending.
China should evaluate the likely impact of policies on growth before implementation, and "be prudent" in rolling out those with contractionary effects, Ning Jizhe, deputy head of the National Development and Reform Commission (NDRC), said in the interview that was published on Wednesday.
The country will make preparations for next year's economic work in advance and "strive to stabilize economic operations in the first quarter, the first half and even the whole year".
China issued 1.46 trillion yuan ($229.21 billion) in the 2022 advance quota for local government special bonds to help spur investment and support the economy, the finance ministry said last week.
China will step up government spending, strengthen support to manufacturers and small companies, and ensure price stability, Ning added.
China will also work to stabilize industry supply chains, focus on solving chip shortage issues, and step up monitoring of commodity prices, said Ning, who is also the head of the National Bureau of Statistics.
To aid economic growth, China will continue to implement proactive fiscal policies, step up efforts to build an integral domestic market, while further shortening the foreign investment "negative list", Xinhua quoted Ning as saying.
China uses a so-called negative list to ban or limit foreign investment in some industries, such as telecoms or resources.
China will also combine cross-cyclical and counter-cyclical measures to prevent wild economic volatility, Ning said.
