China Urged to Bolster Economic Recovery with Effective Macro Policies

China's economic recovery needs reinforcement through more effective implementation of macro policies, according to Han Wenxiu, a senior Communist Party official. Urging for accelerated issuance and use of special treasury bonds, Han stressed the importance of monetary policy being flexible, moderate, accurate, and effective.

China's economic recovery is not strong enough and the government needs to implement macro policies more effectively, said the senior Communist Party official for financial and economic affairs on Friday.

China should speed up the issuance and use of special treasury bonds, Han Wenxiu, deputy director in charge of the party's financial and economic affairs, said at a news conference in Beijing following a key party meeting that closed on Thursday.

Monetary policy should be flexible, moderate, accurate, and effective, Han added.