Beijing stresses need for economic reforms

CHINA'S Finance Minister Liu Kun asked for efforts to further implement a proactive fiscal policy, support the real economy, and prevent and resolve local government debt risks at a key meeting in Beijing on Monday.

Liu proposed that as the next step, there should be a focus on increasing efficiency, implementing a proactive fiscal policy, supporting a stronger and better real economy, effectively protecting and improving people's livelihoods, and preventing and resolving local government debt risks, as well as further tightening financial discipline, according to a report from the Xinhua News Agency.