Multiple media outlets report, citing Xinhua news agency, that the Politburo of the Chinese Communist Party pledged in Monday's meeting to keep economic operations within a reasonable range in 2022.
In addition, the top decision-making body of China's ruling party said it will continue to implement proactive fiscal policy and prudent monetary policy next year, adding that the monetary policy will be flexible and appropriate.
It also stated that it will keep liquidity reasonably ample, will promote the healthy development of the property sector, and will improve the competitiveness of the manufacturing sector.
Also, the Politburo promised to implement a strategy to expand the domestic demand and to promote continued recovery in consumption, and actively expand effective investment.