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China may implement a more expansionary fiscal policy, coordinated with a cautious monetary policy, to counter economic risks and ensure that GDP growth can remain steady at around 6 percent in 2020. That viewpoint was expressed by experts before the opening of the annual Central Economic Work Conference, which is expected to open on Tuesday.
China pursued a prudent and neutral monetary policy in 2017, applying a full range of policy instruments to maintain basic stability in liquidity and hold interest rates at an appropriate level.
China will allow local governments to issue up to 200 billion yuan (.6 billion) of special-purpose bonds to purchase convertible bonds and other qualified capital instruments of small and medium-sized banks in 18 regions, said Liu Rong, deputy director of the CBIRC's city commercial bank supervision department.
China remains committed to the goal of denuclearizing the Korean Peninsula, firmly maintains the international nuclear nonproliferation mechanism and resolutely champions peace and stability in Northeast Asia, President Xi Jinping has said.
China reserves the right to take further actions on the issue, he added.
来源：资阳报