China makes economic plans for 2012
December 12th, 2011 - 2:01 pm ICT by IANSBeijing, Dec 12 (IANS) High-ranking Chinese officials gathered here Monday for the annual Central Economic Work Conference, which will analyze international and domestic economic situations and map out plans for economic development in 2012.
The annual event has served as a crucial mechanism for the Communist Party of China (CPC) central committee to run the Chinese economy, reported Xinhua.
The year 2012 is considered crucial in implementing China’s 12th Five Year Plan (2011-2015), so the plans and strategies made at this conference will be significant for consolidating the sound momentum of China’s economy and further promote the steady and relatively fast economic growth.
In a prelude to the conference, the CPC politburo convened a meeting Friday, saying that China will maintain its prudent monetary policy and proactive fiscal policy next year, and make its macro-economic regulation more targeted, flexible and forward-looking next year.
At the meeting it was agreed that China will continue to balance efforts to “ensure stable and relatively fast economic growth, while adjusting the economic structure and regulating inflationary expectations next year”.
China’s GDP growth slowed to 9.1 percent in the third quarter from 9.5 percent in the second quarter, and 9.7 percent in the first quarter.
Growth of the consumer price index (CPI), a main gauge of the country’s inflation, eased to 4.2 percent in November from this year’s peak of 6.5 percent in July.
- China's GDP falls to two-year low - Oct 19, 2011
- China's GDP growth sees moderate slowdown (Lead) - Jul 13, 2011
- China to maintain prudent monetary policy - Dec 14, 2011
- ADB says China's GDP growth to hit 8.5 percent - Apr 11, 2012
- China's quarterly GDP growth to drop below 9 percent - Jan 16, 2012
- China's quarterly GDP growth expected to drop below 9 percent - Jan 16, 2012
- China's GDP up 9.6 percent - Jul 13, 2011
- China's Q3 GDP grows at slowest pace in two years - Oct 18, 2011
- China's GDP growth to hit 8.5 percent this year: ADB (Lead) - Apr 11, 2012
- India, China looking to cooperate in energy sector - Apr 14, 2011
- 7 percent growth won't be easy, corruption major threat: Wen - Mar 14, 2011
- China's GDP growth to slow to 9.2 percent - Nov 20, 2011
- Automakers confident of China market despite slowing sales - Nov 24, 2011
- Chinese economy to grow 9.28 percent in 2011: Economists - Aug 21, 2011
- China sets seven percent growth target - Feb 28, 2011
Tags: chinese economy, chinese officials, communist party of china, consumer price index, cpc central committee, economic plans, economic regulation, economic situations, economic structure, economic work, fiscal policy, five year plan, gdp growth, index cpi, inflationary expectations, monetary policy, politburo, quarter growth, xinhua, year 2012