AsianFin -- With ample policy reserves and sufficient policy room, China is fully confident in achieving this year's economic and social development goals and tasks, Zhao Chenxin, deputy head of the National Development and Reform Commission, told 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.

Meanwhile, it will 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 U.S. dollars) investment funds at the national level, he said, adding that most of these policies will take effect in the second quarter.

(source: xinhua)