China to ensure stable, consistent macroeconomic policy

China will ensure the stability and consistency for the macroeconomic policy next year and continue with a proactive fiscal policy and prudent monetary policy to stabilize market expectations, Premier Li Keqiang said on Thursday.

In his speech at the fourth "1+6" Roundtable in Beijing, the premier ruled out the possibility of resorting to the deluge of strong stimulus policies or monetary easing.

He highlighted the importance of better use of countercyclical tools, ensuring a good implementation of tax and fee reductions, maintaining an adequate level of liquidity in the financial sector, and stepping up the lowering of actual interest rates.

The potential of domestic consumption will be further unleashed, with more steps to open up the manufacturing and service sector, he added.