China to deepen economic reforms in 2015

Beijing

CHINA will pursue prudent monetary policy and pro-active fiscal policy next year, the ruling Communist Party's elite decision- making body was quoted as saying on Friday in a reiteration of the government's existing stance.

China will deepen reforms in the world's second-largest economy in 2015 as it tries to boost domestic demand and further urbanise the country, Xinhua quoted the politburo as saying.

Crucially, the politburo said China must balance the competing needs of stabilising and reforming its economy, a nod to an on-going debate …