Chinese leaders wrapped up a two-day planning meeting in Beijing on Thursday with pledges to take a more proactive approach in pepping up the world's second-largest economy, but gave no details on new stimulus measures.
A state-run CCTV report on the annual meeting mainly reiterated a strategy outlined earlier in the week after a session of the ruling Communist Party’s powerful Politburo at which leaders pledged to loosen monetary policy and adopt a more proactive fiscal approach.
Markets in China have climbed recently on renewed hopes for a stronger dose of stimulus to help counter weak consumer spending that has kept the economy growing this year at a rate slightly slower than the government's official target of about 5%.
