China’s top planning body vowed to maintain economic stability and prevent risks in 2021, while enhancing internal demand to create a robust domestic market. The National Development and Reform Commission will take precautions against financial risks and work to resolve them, the planning body said in a statement Sunday. It pledged to use market-oriented and legal measures to manage corporate debt defaults, the statement showed. The committee also stated it will step up efforts to stabilize coal, electricity and oil prices as well as other goods, and prepare to supply natural gas, electricity and coal during the peak season. Pushing ahead with the construction of a supply, storage and distribution system for coal, electricity, oil and gas will also be a part of its plans to mitigate risks in the sector, it added. China will implement “reasonable” monetary policy next year and ensure fiscal plans are “sustainable,” according to […]