(Bloomberg) -- Chinese policymakers will study new incremental economic policies in a “timely manner” and listen to opinions from all sides to build consensus and confidence, according to a speech by Premier Li Qiang that was reported by China Central Television.
Speaking at a State Council meeting Sunday, Li also said government agencies will accelerate the pace of implementing policies that have been set and address prominent issues in economic operations as they strive to meet annual goals, CCTV reported.
In the meeting, the measures to accelerate implementing 102 major projects — as introduced in the government’s five-year development plan — were also discussed, including consolidating responsibilities and strengthening departmental coordination, the report said.
Li’s comments come days after the Chinese government’s release of a barrage of stimulus measures to revive the country’s economic growth. The initiatives helped boost investors’ sentiment last week, resulting in a stock market rally.
READ: Xi’s Big Stimulus Week Aims to Draw a Line Under Slowdown
The government “needs to listen to opinions from all sides, and continuously optimize and improve policy measures,” Li said.
In a separate statement Sunday, the People’s Bank of China said “it is necessary to implement prudent monetary policy accurately and effectively and pay more attention to countercyclical adjustments.”
The central bank also reiterated its plans to lower existing mortgage interest rates and promote the “stable and healthy development” of the real estate market.
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