China announces 'prudent' economic polices for 05

China announced on Thursday 2 December economic planning adjustments for 2005 that will change current "pro-active" fiscal and monetary policies into more "prudent" measures.

The move is aimed at stimulating growth in the agricultural sector while cooling overheating elsewhere and "urgently" addressing problems areas such as the banking and financial sectors, the People's Daily reported.

Adjusting China's economic structure in line with domestic and international market conditions would also fo

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