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Government to push structural reforms

Writer:   | Editor: Lily A  | From:  | Updated: 2017-12-11

THE government will deepen structural reforms and curb risks while maintaining steady economic growth in 2018, Xinhua said Friday, as top leaders seek to prevent a build-up of debt.

The government will balance the need to keep economic growth steady with efforts to push reforms and contain risks, Xinhua said, citing a statement released after a meeting of the Politburo.

“Promoting high-quality development will be the fundamental requirement for determining our thinking on development, formulating economic policies and implementing macrocontrol measures,” Xinhua said.

Top leaders are due to map out an economic and reform agenda for 2018 during an annual Central Economic Work Conference later this month.

Furthermore, the government will deepen supply-side reforms next year to deal with excess factory capacity and structural problems, Xinhua said.

The Politburo also pledged to “prevent and resolve major risks to effectively control macroeconomic leverage ratios,” Xinhua said.

The news agency also said the government aims to significantly cut emissions of major pollutants next year under a drive to fight pollution.

Authorities will also focus on speeding up property market reform and establish a long-term mechanism for the market in 2018, Xinhua said.(SD-Agencies)