China NDRC: Will strengthen counter-cyclical adjustments in its macroeconomic policy

China’s State Planner, the National Development and Reform Commission (NDRC) is out with a statement on Tuesday, shedding more light on the Chinese efforts to spur dwindling economic growth.

Main Headlines:

China will strengthen counter-cyclical adjustments in its macroeconomic policy.

Will keep economic operations within reasonable range.

Will continue to implement proactive fiscal policy, prudent monetary policy.

Will implement larger tax and fee cuts in 2019.

Will ease funding difficulties for small and private companies.

Will deepen reform of state capital and state-owned companies.

Will strengthen monitoring of economic situation, improve policy reserves.