BEIJING - China will fully deepen reforms in its economy system and firmly promote opening-up next year, according to a statement issued after the conclusion of the annual central economic work conference on Sunday.

China will continue to implement the proactive fiscal policy and prudent monetary policy in 2013.

The control policies on the property market will also be continued next year.

Both private and public investment will be encrouaged next year to effectively bolster the country's economic development, according to the statement.

While encouraging and providing better guidance to private investors, the government will increase public investment on infrastructure projects that will not cause repetitive construction but set foundations for long-term development and benefit people's well-being, it said.

From Chinadaily.com.cn