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        China Charted Economic Plan for 2012

        2012-04-29 00:00:00ByLesleyCui
        China’s foreign Trade 2012年2期

        The 2011 Central Economic Work Conference was held in Beijing from December 12 to 14, 2011. As China’s highest economic meeting, it brought together the nation’s central and provincial government officials, the heads of the biggest state companies and the army’s top generals.

        1998 Tone of 1999: Pro-active fiscal policies

        1999

        Tone of 2000

        Do a good job in

        State-own enterprises reform

        2000

        Tone of 2001:

        Pro-active fiscal

        policies and prudent monetary policies

        2001

        Tone of 2002: Boost domestic demand

        2002

        Tone of 2003:

        Pro-active fiscal policies and prudent monetary policies

        2003

        Tone of 2004:

        Continue with the macro polices

        2004 Tone of 2005: Consolidate the achievements of macro-control

        2005

        Tone of 2006:

        Prudent fiscal policies and monetary policies

        2006

        Tone of 2007:

        Prudent fiscal policies and monetary policies

        2007

        Tone of 2008:

        Prudent fiscal policies and tight monetary

        policies

        2008

        Tone of 2009:

        Pro-active fiscal policies and moderately loose

        monetary policies

        2009

        Tone of 2010:

        Change from “maintaining growth” to “transforming the pattern of economic growth”

        2010

        Tone of 2011:

        Pro-active, prudent, flexible macro-control

        2011

        Tone of 2012:

        Pro-active fis

        cal policies and

        prudent monetary policies

        “Prudent monetary policy and proactive fiscal policy”

        Leaders at the conference reviewed the country’s economic works in 2011, analyzed the international and domestic economic situations, noted challenges to the country’s economic growth, and charted the country’s macroeconomic policies for 2012.

        At the meeting it was agreed that China will take a slew of measures to ensure “stable and relatively fast” economic growth amid the “extremely grim and complicated” global outlook this year, while adjusting the economic structure and regulating inflationary expectations.

        Leaders decreed that the nation would maintain its “prudent monetary policy and proactive fiscal policy”, and make its macroeconomic regulation more “targeted, flexible and forward-looking” in 2012.

        The Central Economic Work Conference has been held regularly by the Central Committee of the Communist Party and the State Council, at the end of every year since 1994.

        The year 2012 is considered a crucial year in implementing China’s 12th Five-Year Plan (2011-2015), so the plans and strategies made in this conference will be significant for consolidating the sound momentum of China’s economy and further promoting the steady and relatively fast economic growth.

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