China to continue fiscal and monetary policies next year

The government pledged on Monday to push forward the transformation of its economic development pattern next year while maintaining stable and comparatively fast economic growth.

Participants at the three-day annual conference agreed that the global financial crisis highlighted the urgency to transform China's economic development pattern.
They agreed that the government should coordinate efforts to maintain stable and comparatively fast economic growth and speed up the transformation of the economic development mode.

The government would focus more on economic structure adjustment and improving the quality and efficiency of economic growth in 2010, according to a decision made at the conference.

More efforts would be spent to deepen economic system reform and enhance the momentum and vigor of economic growth.