Home · Weather · Forum · Learning Chinese · Jobs · Shopping
Search This Site
China | International | Business | Government | Environment | Olympics/Sports | Travel/Living in China | Culture/Entertainment | Books & Magazines | Health
Home / Business / News Tools: Save | Print | E-mail | Most Read | Comment
China opens key economic policy meeting
Adjust font size:

China's top leaders gathered in Beijing Monday to determine economic policies for 2008 amid efforts to prevent the economy from overheating and to curb inflation.


The Central Economic Work Conference, an annual event initiated more than a decade ago, has served as a crucial mechanism for the Communist Party of China (CPC) Central Committee and the State Council to run the Chinese economy.


Despite spectacular economic and social development since the start of the year, on the agenda at the conference is how to cool off booming investment and bank lending, address the soaring trade surplus, and improve the people's livelihood, sources said.


The conference will work out specific strategies and resolutions for these problems China is confronted with in its development.


China's economy is expected to expand 11.5 percent this year, fueled mainly by investment spending which rose 26.9 percent in the first ten months.


Its foreign exchange reserve topped US$1.43 trillion by the end of September - a main factor that have triggered the persistent liquidity problems.


Due to rising prices of food, the inflation rate will be 4.5 percent to 4.6 percent for the full year, compared with the government target of three percent, China's top statistician Xie Fuzhan said last week.


In a prelude to the conference, the Political Bureau of CPC Central Committee convened a meeting last week, saying next year's top macroeconomic priorities would be preventing the economy from overheating and the current price rises from evolving into "evident inflation".


"China would seek steady progress, give priority to good development (over excessive development) and adhere to its reform and opening-up policy," the Political Bureau was told.


The country would also strive to make bigger progress in improving the people's livelihood, especially the lives of low-income families.


Chinese Premier Wen Jiabao has also admitted that "prices have been on the rise these days and I'm aware that even a one-yuan (US$0.13) increase in prices will affect people's lives."


(Xinhua News Agency December 3, 2007)

Tools: Save | Print | E-mail | Most Read

Username   Password   Anonymous
China Archives
Related >>
- Tightening policy will continue
- Forex Policy in Good Shape
- Economic Adjustments Needed for Fast Growth
Most Viewed >>
-China set to hit the brakes on rising yuan
-Power to resume shortly in worst-hit area by snow
-Online operators are on top of the game
-Macao's gaming market expands further
-Insurance firms set to stump up billions

May 15-17, Shanghai Women's Forum Asia
Dec. 12-13 Beijing China-US Strategic Economic Dialogue
Nov. 27-28 Beijing China-EU Summit

- Output of Major Industrial Products
- Investment by Various Sectors
- Foreign Direct Investment by Country or Region
- National Price Index
- Value of Major Commodity Import
- Money Supply
- Exchange Rate and Foreign Exchange Reserve
- What does the China-Pakistan Free Trade Agreement cover?
- How to Set up a Foreign Capital Enterprise in China?
- How Does the VAT Works in China?
- How Much RMB or Foreign Currency Can Be Physically Carried Out of or Into China?
- What Is the Electrical Fitting in China?
SiteMap | About Us | RSS | Newsletter | Feedback

Copyright © All Rights Reserved E-mail: Tel: 86-10-88828000 京ICP证 040089号