Maintaining pro-active fiscal and prudent monetary policies, this was among the key messages in China's just-concluded central economic work conference. So, what do these messages mean and who are the beneficiaries? Officials from China's economic and financial regulators, as well as experts, gathered at an annual economic forum in Beijing to go over what's in store for China's economy in 2019. Our reporter Wang Mengzhen has more.

For insiders, the central economic work conference defines the development stage of the Chinese economy amid increasing uncertainties.

HAN WENXIU, DEPUTY DIRECTOR CENTRAL FINANCIAL AND ECONOMIC AFFAIRS COMMISSION "Whether China is still in the period of strategic opportunity and how to seize opportunities, has become the big concern for decision-makers in the central committee. This economic work conference gives us the answer that China is still in the strategic development process and will be in such a critical period for a long time."

Cutting taxes and fees on a bigger scale, enhancing 'counter-cyclical' adjustment, insiders say they are meant to enlarge the role of macro-economic regulation.

NING JIZHE, DEPUTY DIRECTOR NATIONAL DEVELOPMENT AND REFORM COMMISSION "Structural policies require us to set up institutional mechanisms, deepen reforms in areas like the state-owned enterprises to create an environment of fair competition, and encourage small and medium-sized enterprises to grow faster. Meanwhile, we should enhance our social security policies as well."

And one consensus regulators have reached here is that innovation needs to be enhanced in an open manner.

XIN GUOBIN, VICE MINISTER MINISTRY OF INDUSTRY AND INFORMATION TECHNOLOGY "By relying more on improving the investment environment, we could attract more high-quality foreign investment. Meanwhile, we should enhance cooperation in the areas of smart manufacturing, the industrial internet, cyber security and civil aviation under the Belt & Road Initiative."

HAN WENXIU, DEPUTY DIRECTOR CENTRAL FINANCIAL AND ECONOMIC AFFAIRS COMMISSION "Now some of our key core technologies are facing some bottlenecks. It is painful in the short term, but this is not entirely a bad thing. It forces us to be determined and launch more independent innovation. But innovation is not closed -- it needs to gradually push ahead with openness."

Chinese regulators estimate the world's second largest economy could realize its annual GDP growth target of 6.5 percent as the year 2018 is coming to an end, with the per capita GDP approaching 10 thousand US dollars.

WANG MENGZHEN BEIJING "While acknowledging the pressure from an economic downturn and the complexities throughout the global economy, insiders attending the forum are remaining optimistic, as the central economic work conference has given enough space for the country to fine tune its economic polices in the coming year. WMZ, CGTN, BEIJING."