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China will keep its prudent monetary policy "neither too tight nor too loose" and maintain market liquidity at a reasonably ample level, according to the agenda-setting Central Economic Work Conference held in December.
China will tighten control on local government debt, especially to curb risks arising from "hidden debt", to maintain financial stability, Finance Minister Liu Kun said on Tuesday.
China's bond market in particular has been a massive draw for investors during the pandemic thanks to reforms to open up the country's financial system and China's decisive response to the COVID-19 outbreak.
China will promote the consumption transformation of consumer goods to focus more on utilization-related consumption rather than purchase-based consumption, as well as promote healthy development of housing consumption, said Ning, who is also head of the National Bureau of Statistics.
China will enhance support for trade financing and give full play to the role of export credit insurance to help companies cope with the impact of the novel coronavirus epidemic, according to the Ministry of Commerce.
来源：资阳报