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China maps out tasks for economic work in 2015


12-12-2014 12:42 BJT

Full coverage: 2014 Central Economic Work Conference

During the Central Economic Work Conference, Chinese leaders mapped out major economic policies for the coming year based on the economy's so-called "new normal" in growth trends. They called for China to focus not only on boosting efficiency, but also maintaining stability while continuing to seek development.

Conference leaders laid out key goals and tasks for the world's second largest economy.

First, they said China should strive to keep its economic growth steady in 2015. The conference added it was crucial to strike a balance between stabilizing growth and adjusting the economy's structure. The country will also keep macro policies consistent, and carry on with its proactive fiscal policy and prudent monetary policy. China will also try to find and foster new growth points. The conference said China should allow the market to determine the allocation of resources, and spur industrial innovation. The government will work to create a favorable environment for entrepreneurship, competition and innovation.

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