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2009 Central Economic Work Conference

BizChina discussion on Central Economic Work Conf.

BizChina discussion on Central Economic Work Conf.

China sets economic policy for 2010

Chinese decision makers have gathered in Beijing over the weekend to determine the country´s economic policies for 2010. The annual Central Economic Work Conference is held at the end of every year.

Focus:

Maintaining robust and stable development, consolidating economic restructuring and boosting domestic demand

Continue to boost consumer spending

Implement proactive fiscal policies and loose monetary policies

Stimulus package effective in 2009

China benefits from pro-growth policies in 2009

China benefits from pro-growth policies in 2009

Launched in November last year, a combination of fiscal and monetary polices, funded by unprecendented loans has made the 8 percent growth rate not just a target but a very real possibility.

Structural economic problems exit

I: Excessive production capacity
II: Over-rapid development of industries with high energy and resource consumption

Economic policy set for 2010

China to continue fiscal and monetary policies next year

China would continue to adopt the proactive fiscal policy and moderately easy monetary policy next year and endeavor to improve the economic growth quality, according to the Central Economic Work Conference Monday.

CBRC: Optimize credit lending to avoid risks

China´s banking regulator is requiring the banking sector to boost credit structures and improve loan quality in 2010. It´s aiming to speed up economic restructuring and growth transformation.

China to promote transformation of dev´t pattern in 2010

The Chinese government pledged Monday to push forward the transformation of economic development pattern next year while maintaining a stable and comparatively fast economic growth.

CSRC: Boost supervision & product innovation

The China Securities Regulatory Commission will further improve supervision and step up efforts to maintain the stability of the capital market in 2010.

China to push exports recovery, promote trade balance

The Chinese government will push recovery of its exports and promote balanced international trade as one of its major tasks next year, the country´s senior policymakers agreed at the annual key economic conference on Monday.

SAFE: Improve forex assets management

China´s forex regulator will further improve management of the country´s 2.3 trillion US dollars in reserves to ensure its safety, liquidity, and profitability next year.

Expectation for China´s economy in 2010

CASS: Chins´s 2010 GDP growth to top 9%

CASS: Chins´s 2010 GDP growth to top 9%

China´s economy should reach its target growth rate of 8 percent this year, and go on to do even better next year with a top think tank predicting a 9 percent expansion. The China Academy of Social Sciences has just released its annual Blue Book of the economy.

Economic growth expected for China in 2010: UN report

Economic growth expected for China in 2010: UN report

China´s economic growth is projected to reach 8.8 percent in 2010, but will still fall short of pace according to pre-economic crisis levels, a new UN economic report said here on Wednesday.

Investors confident in 2010 stock market

The Central Economic Work conference seems to have fired up confidence in those investing in equities. With officials pledging little fundamental change to fiscal and monetary policies, many believe stocks are still a lucrative option.

Foreign expert hopes for more policies to support China´s economic recovery

"The conference is very important. There´s a lot of expectations of China. At the same time, China has done tremendously well with the stimulus program meeting the targets this year..."