INSUBCONTINENT EXCLUSIVE:
With ample policy reserves and sufficient policy room, China is fully confident in achieving this year's economic and social development
goals, Zhao Chenxin, deputy head of the National Development and Reform Commission, said at a press conference on Monday.The country will
accelerate the implementation of measures to stabilize employment and the economy, expedite the roll-out and execution of policies, and
place greater emphasis on enhancing policy implementation efficiency and effectiveness to ensure direct benefits for businesses and the
public, Zhao said.It will also intensify efforts to ensure the full effect of existing policies, including special campaigns to boost
consumption and effectively utilize the 5 trillion yuan (about $694 billion) in investment funds at the national level, he said, adding that
most of these policies will take effect in the second quarter.The country will continuously strengthen policy consistency, conduct regular
and open-ended policy research, fully prepare contingency plans, and steadily improve the policy toolkit for stabilizing employment and the
economy, he said.Incremental reserve policies will be rolled out in a timely manner in response to changing conditions, Zhao said, adding
that the country will stay focused on managing its own affairs well no matter how the international situation evolves.China has targeted its
full-year economic growth at around 5 percent this year
In the first quarter, the country's gross domestic product grew 5.4 percent year on year.
