FACTBOX: China's Central Economic Work Conferences (2007-2011)

0 Comment(s)Print E-mail Xinhua, December 15, 2012
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On Saturday, an annual economic work conference to analyze international and domestic economic situations and map out plans for economic work in 2013 and beyond will begin.

This year's conference will offer a first glimpse into economic policies created by the new top leaders of the Communist Party of China (CPC).

Although it usually does not include policy details, it charts the course of next year's economic work.

The following is a review of the central economic work conferences held over the last five years.

2011 Central Economic Work Conference (Dec. 12 to 14)

Basic tone: to make progress while maintaining stability.

Major tasks: China vows to enhance and improve macroeconomic regulations to maintain steady and relatively fast economic growth; boost farm produce supplies through the development of agriculture; accelerate economic restructuring to make economic development more self-initiated and coordinated; deepen reforms in key areas and open up to the world; improve people's living standards and innovate the social management mechanism.

2010 Central Economic Work Conference (Dec. 10 to 12)

Basic tone: to ensure stable and relatively fast economic development while maintaining social stability.

Major tasks: China plans to enhance and improve macroeconomic regulations to maintain steady and healthy economic growth; boost farm produce supplies through the development of modern agriculture; accelerate strategic transformation to make economic growth more coordinated and competitive; improve basic public services and innovate the social management mechanism; intensify reforms to promote a shift in the economic growth mode and maintain a mutually beneficial opening-up strategy to broaden international economic cooperation.

2009 Central Economic Work Conference (Dec. 5 to 7)

Basic tone: to promote the transformation of the country's economic development pattern while maintaining stable and comparatively fast economic growth.

Major tasks: China vows to improve macroeconomic regulations in 2010 to ensure stable and relatively fast economic growth and advance structural economic adjustments; lift the quality and efficiency of economic growth; boost rural development; deepen reform and opening up; enhance the momentum and vigor of economic growth; promote a stable increase in exports; improve people's living standards and maintain social stability.

2008 Central Economic Work Conference (Dec. 8 to 10)

Basic tone: to maintain stable and relatively fast economic growth.

Major tasks: China plans to enhance and improve macroeconomic regulations and implement a proactive fiscal policy and moderately eased monetary policy in 2009. It vows to step up efforts to increase farmers' incomes and strengthen the development momentum of the agriculture industry and rural economy; speed up the transformation of China's economic development pattern and structural adjustments; deepen reform and opening up and maintain social stability.

2007 Central Economic Work Conference (Dec. 3 to 5)

Basic tone: to prevent economic overheating and inflation.

Major tasks: China pledges to improve macroeconomic policies to maintain stable and relatively fast economic growth; enhance the development of agriculture and the rural economy; promote innovation and optimization of the industrial structure; push forward emission reduction and improve people's living standards. Endi

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