Highlights of 2022 Government Work Report

Fiscal, monetary policy for 2022

- The fundamentals of China's economy remain unchanged, and they will maintain long-term growth

- The Chinese government will keep its belt tightened and keep spending low to benefit the people

- China's proactive fiscal policy should be more effectual, more targeted, and more sustainable

- China will step up implementation of the prudent monetary policy in 2022

- China's prudent monetary policy should be both flexible and appropriate, with reasonably ample liquidity being maintained

- China will continue to expand international economic and trade cooperation, and push for in-depth reform and high-quality development by promoting high-standard opening-up (Read more)

- China will keep RMB exchange rate generally stable

- China will take stronger action against monopolies and unfair competition to ensure a well-ordered and fair market environment

- China will encourage financial institutions to lower real loan interest rates and cut fees