Leadership sets out priorities for economy

Stabilization of real estate sector among steps to enhance market confidence

The top leadership of the Communist Party of China called for stabilizing the real estate market and strengthening fiscal and monetary policy support at a meeting on Thursday, vowing to strive to hit the targets for this year's economic and social development.

Economists and market analysts said the meeting reflected top policymakers' intensified emphasis on reviving market confidence and stabilizing economic prospects amid headwinds.

A number of concrete measures to stabilize the property market and boost fiscal spending are expected, which will lay the foundation for the world's second-largest economy to achieve steady growth this year and next, they added.