China will be able to keep economic growth stable - state planner

SHANGHAI : China has the confidence, condition, and ability to keep economic growth at a reasonable level, a senior state planning official told the Xinhua News Agency.

China should evaluate the likely impact of policies on growth before implementation, and"be prudent" in rolling out those with contractionary effects, Ning Jizhe, deputy head of the National Development and Reform Commission , said in the interview that was published on Wednesday. China issued 1.46 trillion yuan in the 2022 advance quota for local government special bonds to help spur investment and support the economy, the finance ministry said last week.

China will also work to stabilise industry supply chains, focus on solving chip shortage issues, and step up monitoring of commodity prices, said Ning, who is also the head of the National Bureau of Statistics.

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