My comment: The world are living crucial times nowadays. We all are shaping a new economic model in substitution of the Bretton Woods model. Some of the main features and trends of this new model are sustainability, simultaneous self-sufficiency and cooperation and balance between North and South (developed and developing economies). For most countries across the globe the key point that will determine its growth or decline is how quick and smooth each economy will adapt itself to this new structure.
China started in early 2009 to adapt its economy to this new model. In that sense 2009 was a succesful year. However very probably 2010 will be the crucial year for the next one or two decades as we have to finish in 2010 the basement of that new economy. In 2010 speed matters as much as direction. To mind on both short term, 2010, and long term, 2020, are equally important. This meeting is probably the most important one of the first decade of this century. And probably will be the most important one till 2019 or 2020. We arrive to this meeting with two proposals. Each one could be denominated by different GDP growth for 2010. However, approaches are different into each proposal. The first one intends GDP growth slightly above 10% for 2010. It gives priority to short term results in 2010. The second one intends GDP growth between 8% and 9% by diverting more resources (those 2 perentage points between 8% and 10%) for education and fight against inflation among other aims. I clearly supports the second one because we do not require 10% growth and because this period till 2020 is going to be windy, education and moderate prices will provide flexibility to Chinese, and to everyone across the globe, to adapt ourselves to this new model. Therefore, in my opinion, we should minimise risks beyond 2010 as much as posible while we keep a reasonable and natural pace of growth. As main contributor to global growth, China faces an international responsibility as 10% supporters tell. But that responsibility does not end up in 2010. We also have to contribute to global growth beyond 2010. The healthier our basement is the more we will be ready to unwind risks in the near future. In that sense, among other priorities to keep moderate price inflation and to prepare our society through education much better for the future will avoid many future troubles. Peace and best wishes. Xi China opens key economic work meeting, policies expected to continue http://news.xinhuanet.com/english/2009-12/05/content_12593210.htm -- You received this message because you are subscribed to the Google Groups "World-thread" group. To post to this group, send email to [email protected]. To unsubscribe from this group, send email to [email protected]. For more options, visit this group at http://groups.google.com/group/world-thread?hl=en.
