President Xi Jinping and other senior officials on Monday said the country would implement a more proactive fiscal policy and a looser monetary policy next year.

The announcement came after the Politburo of the Communist Party of China Central Committee met to analyse and study the economic work of 2025 and arrange Party conduct and anti-corruption work.

According to state media, a meeting statement noted it was "necessary to enrich and improve the policy toolkit, strengthen unconventional counter-cyclical adjustments, intensify the coordination of various policies, and make the macro regulation more forward-looking, targeted and effective."

"We must vigorously boost consumption, improve investment efficiency, and comprehensively expand domestic demand," state media quoted officials as having said.

They also stressed the need to stabilise the stock and property markets, and managed risks.

"Next year we should... implement a more active fiscal policy and an appropriately relaxed monetary policy," they added.

The statement also indicated the main goals and tasks for economic and social development in 2024 would be successfully accomplished. (Xinhua/AFP)