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China Daily / 2020-08 / 01 / Page005

Policy focus shifts to growth stability, risk prevention

By CHEN JIA | China Daily | Updated: 2020-08-01 00:00

Policymakers will optimize policy tools further to achieve a balance between growth stability and risk prevention in the long term, as part of the ongoing efforts to counteract the impact of the COVID-19 epidemic and sustain economic recovery, experts said on Friday.

The comments came after a high-level meeting on Thursday indicated that China would prefer to avoid risks from excessive stimulus measures and instead focus on tackling long-term structural issues.

The meeting, held by the Communist Party of China (CPC) Central Committee Political Bureau, called for effective macroeconomic policies to ensure stability in the second half of the year and to achieve the annual economic targets, Xinhua News Agency said in a report.

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