China's Central Economic Work Conference, currently taking place in Beijing to set the tone for the country's economy next year, will probably focus on enhancing fiscal stimulus and soften emphasis on economic growth rate.
The Politburo meeting held last week, which provided some guidance to the conference, continued the theme of "seeking progress while maintaining stability". The meeting also used the term as an important principal for managing the world's second largest economy for the first time.
The language could indicate the central government's intentions to provide a more accommodating environment for reform and economic transition next year. It also shows that Beijing is likely to focus less on securing a particular growth rate, according to the chief economist at a research institute under Caixin Media, Zhong Zhengsheng.
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