April 19, 2019 / 9:38 AM / 7 months ago

China will step up proactive fiscal policy -Xinhua

BEIJING, April 19 (Reuters) - A top decision-making body of China’s ruling Communist Party said on Friday that Beijing will step up proactive fiscal policy and maintain prudent monetary policy that is neither too tight nor too loose, the official Xinhua news agency said.

The politburo said the Chinese economy still faces downward pressure and that external conditions are tightening, according to the report, reiterating that the government will effectively support the private economy and the development of small- and medium-sized firms. (Reporting by Beijing Monitoring Desk Editing by Jacqueline Wong)

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