Top Chinese leadership held a meeting on the country's economic policy on Tuesday, saying they will continue to implement a proactive fiscal policy and prudent monetary policy for the second half of this year. 

They came to a decision that China will continue seeking progress while maintaining stability in its economic development. The Chinese economy saw steady growth in the first half of 2018. Major tasks were addressed to tackle internal and external challenges.

"I think this is really a very important meeting because, in the first half of the year, the economy has performed pretty well at 6.8%," Li Yong, a senior fellow at the China Association of International Trade, told CGTN. 

Li pointed out that in order to maintain the current positive economic climate, several possible disruptive factors to the economy are taken into consideration in the meeting to ensure the stability in employment, finance, foreign trade, and investment. 

According to Li, when the Chinese policymakers make economic policies, they are always very prudent, because that will determine China's economic situation for a while. 

Li stressed that the policies will safeguard the stability of China's economy, bringing the greatest benefits to local residents. China will further benefit from its ongoing de-leveraging process, which he believes to contribute to the stability of the country's economy and  boost its economic growth.

When it comes to China's state-owned enterprises (SOE) reform, Li reckons that it is critically important for China's economy. While this may be a challenge, it is a task China has to fulfill. "In the past, they (state-owned enterprises) were both the players and referees. So it's very difficult to maximize or optimize the state assets in order to achieve the best efficiency and effectiveness," Li said. 

Taking the state-owned investment companies as examples, Li then shed light on how SOE reforms will help these enterprises to maximize their profits. "After the reform, the state-owned investment companies will be able to combine with different kinds of capital, including private and foreign capital, and I think it will equip the state owned companies with capacities to make use of their capitals," Li added.

In Li's opinion, the SOE reform will not only help state-owned companies to maximize their profits by providing them chances with accessing other kinds of capitals, but also enhance their management. This will be achieved through competition with other companies. It is the fierce competition that forced the state-owned companies to reflect on their marketing, and endeavor to enhance their management so that they not merely survive but thrive.

"I still think the reform is of importance to China, and China is supposed to continue the process and even raise the level of reform to a higher level," Li said.