China's Annual Policy Meeting Prioritises Stability

摘要

China's 2016 annual policy meeting put a high priority on stability and containing financial risks Fiscal policy may remain expansionary,but monetary policy may be less accommodative in 2017We expect bigger steps in supply-side structural reforms towards cutting capacity and leverageChina's annual Central Economic Work Conference(CEWC)was concluded on 16 December,2016.Compared to meeting 2015,the 2016CEWC put less emphasis on