China to take further steps to counter crisis

China will take further steps, including cutting taxes and increasing investments aimed at boosting domestic demand, to help counter the growing impact from the global financial crisis, according to state television.

The Politburo of the ruling Communist Party mapped out the conclusions during a meeting on Friday. Maintaining sound, relatively fast economic growth will be the government's top priority next year, CCTV said, while reiterating that the government would adopt an expansive fiscal policy and appropriately loose monetary policy.