BEIJING: China's top economic policy-setting conference closed its annual meeting on Wednesday with a commitment to maintain "prudent" monetary and "proactive" fiscal policies in 2012, the official Xinhua news agency said.
The decision effectively endorses a decision by the top Chinese leadership last week.
"The country will ensure that macro-economic regulation policies and overall consumer prices remain 'basically stable', and will guarantee the steady growth of the economy and maintain social stability," according to a statement issued at the end of the conference.
The Central Economic Work conference is the biggest annual set-piece meeting in China's economic calendar, bringing together China's top leadership, provincial government leaders, ministers, the heads of the biggest state companies as well as the generals from People's Liberation Army.
Private sector economists believe China has tacitly shifted to a pro-growth policy stance, despite official language remaining broadly in line with previous commitments.
A Reuters poll last week had a consensus view that China was primed to roll back much of the monetary tightening it had used to tame inflation over the last year and cut the ratio of deposits that banks are required to keep as reserves (RRR).
No aggressive policies were forecast to be used to stimulate the economy unless there was a sharp slowdown in GDP growth below 8 percent.
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