China's Economy Tone: Stability and Improvement

Follow us on TWITTER: twitter.com Like us on FACEBOOK: www.facebook.com The Central Economic Work Conference (CEWC) ended in Beijing on December 14. It has proposed the overall tone of the economic work next year to be "maintain stability and improvement," continue the prudent monetary and active fiscal policies. The macro-control order was adjusted to "steady growth, prices control, and structure adjustment." Domestic and overseas experts think this is to ensure the success of the 18th Congress Conference next year. The Chinese authorities use "maintaining stability" to address the dual pressure from economic slowdown and inflation. In the decline of the global economy and sluggish US and European markets, China's economy is also suffering. It has many problems, like manufacturing and export decline, SME loan sharks, huge local governments debt, real estate bubble and high inflation. Hu Jintao presided over the conference. He admitted that China's current economic development still has outstanding contradictions and problems that are unbalanced, uncoordinated and unsustainable. The authorities want to stop the economy from "hard landing," and avoid social unrest due to inflation. At the conference were discussed various economic issues. For the "steady growth" it was decided to expand domestic demand and stabilize external demand; The handling of "prices control" issue will require to prevent the price trend from rebounding. The meeting also stressed about the need to ...

View Count: 0 Date: December 18, 2011