Beijing's recent stimulus measures reflect the government's commitment to boosting the domestic economy during the global economic downturn, Foreign Minister Yang Jiechi said yesterday. 'Such measures will effectively drive China's economy to grow in a stable way and make an important contribution to safeguarding global financial stability and promoting the world's economic development,' Mr Yang (right) said at the Clinton Global Initiative conference in Hong Kong. The central government has unveiled plans to jumpstart the domestic economy, including a 4 trillion yuan (HK$4.5 trillion) stimulus package that is expected to be rolled out in full over the next two years. Mr Yang emphasised that the mainland was doing its part to revive the global economy and called on other countries to do the same. 'The international community should strengthen their co-ordination and support towards each other to stabilise the global financial market as soon as possible, improve market confidence and reduce the impact of the financial crisis on the real economy to its minimum,' he said. He also highlighted the importance of Hong Kong's role as an international financial centre. 'It is widely recognised as an open and free economy and one of the most dynamic regions, with the best business environment,' he said. 'Since its return to the motherland in 1997, Hong Kong has developed closer economic ties with the mainland.' Meanwhile, Xinhua reported yesterday the Communist Party's leaders would give top priority to maintaining steady economic growth next year to try to stem the slowdown. The Politburo Standing Committee reportedly held a meeting on Friday and said maintaining economic growth, promoting quality, reinvigorating the economy and improving living standards would be the main development goals next year. The leaders said the mainland would focus on a range of measures - expanding employment, improving social security and supporting rural education, among others - to protect people's livelihoods, raise domestic demand, transform growth patterns and restructure the economy. According to a government source, next year's growth target could be set at 8 per cent in the annual central economic work meeting. Renmin University of China professor Zhao Xijun said Beijing had shifted its policy focus to stopping the economic slide, with fiscal policy turning to positive from stable and monetary policy shifting to moderately easing from tightening.