No change in fiscal, monetary policies

China's top decision-making body on Friday pledged to maintain its pro-growth fiscal and monetary policies next year amid growing concerns that rising prices could create an asset bubble.

"We will maintain the continuity and stability of the macro-economic policy," Xinhua News Agency said, quoting the Political Bureau of the Communist Party of China (CPC) Central Committee.

The Political Bureau meeting, chaired by CPC Central Committee General Secretary Hu Jintao, on Friday used the exact wording - "active fiscal policy and relatively loose monetary setting" - which it adopted a year ago for its pro-growth policy.