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China lays out policy priorities, eyes high-quality growth for 2018

China's annual Central Economic Work Conference decided Dec. 20 on the country's policy priorities for 2018 with a target of promoting high-quality growth while reducing financial risks, Xinhua News reported.

Beijing will maintain a proactive fiscal policy and neutral monetary policy in 2018, Xinhua News said, citing a statement released after the three-day meeting wrapped up on Dec. 20.

Priorities for China's growth in 2018 include deepening supply-side structural reforms, implementing a strategy to rejuvenate China's rural areas and further emphasizing environmental protection.

The conference also vowed to "expand opening up to the outside world and substantially relax market access" in the statement, Xinhua News said.

No specific growth target was set for 2018.