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China has vowed to maintain its macroeconomic policy stance in 2010 despite worries that it is likely to risk fueling new bubbles and overcapacity.
A meeting of the Political Bureau of the Communist Party of China Central Committee agreed over the weekend that the country will continue proactive fiscal policy and moderately loose monetary policy next year.
"It is a must for the country to stick to the pro-growth policy stance," said Zhang Liqun, a researcher with the Development Research Center of the State Council, one of China's top think tanks.
"Hitting the 8-percent growth target does not mean the economy is on a stable recovery track," he added.
