China’s top leaders have pledged to implement more fiscal spending and “forceful” interest rate cuts in a bid to achieve the country’s growth target this year, adding fresh thrust to this week’s rally in financial markets.

President Xi Jinping used the monthly gathering of China’s 24-person Politburo on Thursday to call for the government to provide sufficient fiscal spending to support the stimulus package announced by China’s central bank this week, the official Xinhua News Agency reported.