China will stick to the direction of the marketization reform on its foreign exchange rate, and maintain yuan's stable status in the global monetary system, said Premier Li Keqiang on Sunday.
"The monetary policy should stay prudent and neutral," said Li in the govrnment work report released at the opening ceremonty of the National People's Congress.
The government would maintain the basic stability of fluidity and reasonably guide the market interest rates, pumping more financial resources into the real economy, Li said.
“(We) especially need to support the development of agriculture, rural areas and farmers, and small and micro businesses,” said Li.
According to the government work report delivered by Li, this year’s fiscal deficit rate is set at 3 percent, while the fiscal deficit is set at 2.38 trillion yuan，an increase of 200 billion yuan from last year. “(We) maintain the deficit rate of 3 percent in order to further cut taxes and reduce expense. Enterprise tax burden would be cut by another 350 billion yuan, and expenses by 200 billion yuan,” said Li, noting the measures would be taken in a way that bring obvious benefits to the market players.