The country will improve the long-term mechanisms to ensure stable and healthy development of the real estate market. Both home purchases and rentals will be encouraged.
The meeting also outlined strategies to win what Central authorities have called “the three tough battles” for the next three years, namely preventing and defusing major risks, targeted poverty alleviation and tackling pollution.
China will maintain a hardline stance on irregular and illegal activities in the financial industry to forestall risks.
China’s rapidly expanding financial industry is being placed under greater regulatory scrutiny as authorities step up efforts to curb widespread malfeasance in the sector to guard against risks.
To ensure stable economic growth while averting financial risks accumulated over years of credit binge, China has decided to maintain a prudent and neutral monetary policy in 2018.
“Prudent monetary policy should be kept neutral, the floodgates of monetary supply should be controlled, and credit and social financing should see reasonable growth,” said the statement.
For the battle against poverty, policymakers pledged to work to ensure the quality of poverty reduction efforts under current standards, and focus on helping special groups and eradicating abject poverty.
Pollution control will also be a key battlefield, with authorities aiming for a significant reduction in major pollutant emissions and improvement in the overall environment.
Efforts should be focused on adjusting the structures of industries, eliminating outdated capacity and making the skies blue again, according to the meeting.
As the major driver and stabilizer of the global economy, China will push forward a new pattern of all-around opening up to pursue mutual benefits with the rest of the world, according to the statement.
China will increase imports and cut import tariffs on some products to promote balanced trade, it said.
Free trade zone pilot areas will be expanded. Effective guidance and support will be given to outbound direct investment.
The country will also push for nationwide implementation of a pre-establishment national treatment system as well as a negative list that determines where foreign participation is prohibited or limited.
The negative list will become shorter and shorter, it said, adding that the country will improve laws and regulations on foreign investment and enhance protection of intellectual property rights.
Chinese leaders have reiterated that the country will not close its door to the world, and that the door will only become more and more open.(Xinhua)