China poised to see notable economic rebound in 2023: Officials and experts

The prudent monetary policy should be targeted and effective, with reasonable and sufficient liquidity to be maintained and stronger support from financial institutions for micro and small businesses, technology innovation and green development, said the conference.

Proactive fiscal policy and prudent monetary policy will continue to be implemented next year. Meanwhile, efforts will be made to intensify macro-control and coordinate various policies to form synergy for high-quality development, according to the conference.

Liu Guoqiang, vice-governor of the People's Bank of China, the country's central bank, said on Saturday that the strength of the monetary policy in 2023 should not be smaller than this year. China will better meet the needs of the real economy, and also maintain reasonably sufficient liquidity in the financial market.

He also noted that the country will continue to increase support for small and micro businesses, scientific and technological innovation, green development, infrastructure and other key areas and weak links.