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China will implement such a long-term mechanism to maintain the sound development of the real estate market, and not use real estate as a short-term means of stimulating the economy, according to the meeting.
China's central bank has skipped open market operations for the past week, citing sufficient liquidity in the banking system as rising fiscal spending near year-end is sufficient to offset impacts of maturing reverse repos.
China will see an immense change after it accomplishes its poverty elimination tasks, it said, urging that poverty reduction work should center more on addressing relative poverty and become normalized.
China's central bank is pushing forward interest rate reform, targeting further liberalization of lending rates and letting the market decide funding prices, according to central bank officials.
China's Belt-and-Road Initiative has encouraged greater cooperation with other nations. "We have signed 54 tax agreements with Belt-and-Road countries,"Wang said.
来源：资阳报