Highlights of 2023 Government Work Report (2)

The opening meeting of the first session of the 14th National People's Congress (NPC) is held at the Great Hall of the People in Beijing, March 5, 2023. [Photo/Xinhua]

Fiscal, monetary policy for 2023

- China to implement prudent monetary policy in a targeted way

- China to enhance intensity, effectiveness of proactive fiscal policy

- China to keep RMB exchange rate generally stable at adaptive, balanced level

- China to encourage, support private sector

- China to effectively prevent, defuse major economic, financial risks