ting the spirit of December’s Central Economic Work Conference.
Macro policies should be stable, micro policies should be flexible and social policies should guarantee the basic needs of the grassroots
people, the statement said. Macro policies should focus on promoting high-quality growth and stimulating market vitality.
The importance of manufacturing’s high-quality development in stabilizing economic growt
h was stressed. Traditional industries should be guided to upgrade, and new industries should grow stronger.
The development of small and medium-sized companies and private businesses should be supported through measures like s
peeding up the supply-side structural reform of finance and providing better loan services, the stat
ement said. It also reaffirmed that houses should be used for living rather than for profit.
Reform should be further deepened and opening-up boosted, and forei
gn capital should have bigger access to the Chinese market. Poverty reduction is a key meas
ure of building a moderately prosperous society in all respects, which must be achieved by the end of next y