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BEIJING http://www.losangeleskingsteamstore.com/adidas-tyler-toffoli-jersey , Dec. 20 (Xinhua) -- China has decided to maintain a prudent and neutral monetary policy in 2018 as the world's second largest economy strives to balance growth and risk prevention.

"Prudent monetary policy should be kept neutral, the floodgates of monetary supply should be controlled, and credit and social financing should see reasonable growth," said a statement released after the Central Economic Work Conference which concluded Wednesday.

The tone-setting words came as China faces the dual task of ensuring stable economic growth and liquidity while averting financial risks accumulated over years of credit binges and lax regulations.

Authorities have maintained a prudent and neutral monetary policy this year, keeping appropriate liquidity levels but avoiding excessive liquidity injections.

The central bank has increasingly relied on open market operations for liquidity management, rather than cuts in interest rates or reserve requirement ratios.

Wednesday's statement reiterated that systemic financial risks should be forestalled.

It said the yuan's exchange rate will be kept basically stable at a reasonable and balanced level.

On the fiscal front, the statement said "the proactive orientation of fiscal policy will be maintained, while the structure of fiscal spending should be optimized."

Authorities will ensure fiscal support for major fields and projects while reducing regular expenditures.

Concrete measures will be taken to strengthen the regulation of local government debt, according to the statement.

The three-day conference, the first of its kind since the 19th CPC National Congress, is the most important annual meeting on economic work in the country.

During the conference, Chinese leaders reviewed the country's economic performance over the past five years and mapped out plans for 2018.

China's GDP expanded 6.9 percent year on year in the first three quarters, above the government's target of around 6.5 percent for this year.

Israeli police guard the site of a knife attack at Jerusalem's central bus station, on Dec. 10, 2017. An Israeli security guard was seriously wounded Sunday by a Palestinian knifeman outside Jerusalem's central bus station, the police said. (XinhuaJINI)

JERUSALEM, Dec. 10 (Xinhua) -- An Israeli security guard was seriously wounded Sunday by a Palestinian knifeman outside Jerusalem's central bus station, the police said.

The suspect, a 24-year-old Palestinian resident of the West Bank, stabbed the security guard and fled the scene, said a police statement, describing it as a "terror attack."

He was chased and arrested by a civilian and a policeman nearby, it added.

Israel's Magen David Adom emergency medical service said that the 25-year-old Israeli guard sustained serious injuries and was rushed to hospital in a critical condition.

The incident occurred amid growing tensions over U.S. President Donald Trump's recent decision to recognize Jerusalem as Israeli capital despite strong opposition and protests from the Palestinians and Muslims across the world.

Trump also ordered the State Department to start immediately the process of relocating the U.S. embassy in Israel from Tel Aviv to Jerusalem.

To protest Trump's announcement, the Palestinians called for three "days of rage." Protests were held in the past days in the Palestinian territories, many cities in Muslim countries, as well as some European capitals.

Four Palestinians were killed and dozens of others were injured in their clashes with Israeli security forces in the Gaza Strip and West Bank over the weekend.

On Friday, two Palestinian protesters were killed and 98 others were wounded in clashes in the Palestinian territories. A number of Palestinian protesters were also arrested at the Damascus Gate in East Jerusalem during skirmishes with Israeli security forces after the Friday prayers.

The two other Palestinians killed were believed to be Hamas members, who lost their lives in Gaza Strip Friday during airstrikes launched by Israeli military in retaliation against Hamas' firing of three rockets into Israel from the enclave.


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