摘要：With ample policy reserves and sufficient policy room, China is fully confident in achieving this year's economic and social devel
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With ample policy reserves and sufficient policy room, China is fully confident in achieving this year's economic and social development goals and tasks, Zhao Chenxin, deputy head of the National Development and Reform Commission, told a press conference on Monday.
China will roll out measures to keep its employment and economic performance stable and promote high-quality development, Zhao said, adding that the nation will intensify efforts to ensure the full effect of existing policies, including special campaigns to boost consumption and effectively utilize the 5-trillion-yuan investment funds at the national level.
At the same press conference, Zou Lan, deputy governor of the People's Bank of China, said that any single market volatility has limited impact on China’s foreign exchange reserves. It will also strengthen the resilience of the forex market, stabilize market expectations, enhance market management, and prevent the RMB exchange rate overshoot, Zou noted.
On the monetary policy front, Zou said the central bank will cut the reserve requirement ratio and interest rates at the appropriate time, based on economic conditions and financial market developments, to maintain abundant liquidity, and will continue to implement a moderately loose monetary policy and intensify support for the real economy.
Meanwhile, industrial profits has shown improvement in the first quarter, underpinned by the strengthening of high-tech sectors and pointing to strong economic resilience amid trade tensions with the United States.
Profits at China's major industrial companies saw total profits increase 0.8 percent year-on-year to reach 1.5 trillion yuan, following a 3.3 percent decline last year, data from the National Bureau of Statistics showed on Sunday.
In March, profits of industrial enterprises above designated size jumped 2.6 percent year-on-year, reversing a 0.3 percent decline in the first two months.
The NBS said the rebound in industrial profits was mainly driven by the robust performance of high-tech manufacturing, aided by stimulus packages including incentives for large-scale equipment upgrades and trade-in deals for consumer goods.
Despite the continued recovery in industrial profits, the bureau noted that amid rising instability and uncertainties in the external environment, more efforts are needed to better implement the announced policy measures and fully unleash the policy potential.
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来源：二明后期