China to keep economic policies accommodative in 2016: source
[BEIJING] China will keep its monetary and fiscal policies accommodative in 2016, a source with the direct knowledge of the annual Central Economic Work Conference said on Monday.
The government will take steps to expand aggregate demand while pushing forward "supply-side reform" next year, said the source who briefed a small group of reporters about the top-level meeting.
The government will expand its budget deficit next year and cut tax to help reduce burdens on companies, said the source, who requested anonymity.
Steps will be taken to reduce overcapacity and property inventories, said the source.
China's top leaders have started an annual meeting to map out economic and reform plans for 2016, state media reported on Friday.
REUTERS
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
International
Sri Lanka’s economy expected to grow 3% in 2024, central bank says
Yellen says US can bring inflation down without hurting jobs
US dollar briefly falls versus yen after GDP data
US weekly jobless claims unexpectedly fall
US economic growth slows more than expected in Q1
Malaysia ex-PM Mahathir facing anti-graft probe in a case involving his sons