My comment: Although final decission is to be take by government, it never opposes what is decided in this meeting. Therefore its conclusions is what China will do in the economic field in 2010.
Finally it seems that long term is going to weigh as much as short term. As I told I fully agree with that policy for 2010. Chinese, and more in particular workers above 30 years old, will benefit of this policy. China to continue fiscal and monetary policies next year http://news.xinhuanet.com/english/2009-12/07/content_12604267.htm BEIJING, Dec. 7 (Xinhua) -- 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. Chinese President Hu Jintao and Premier Wen Jiabao addressed the meeting, which is held once a year to set the tone for economic development during the next year. It was agreed at the conference that 2010 is the last year in the counry's 11th five-year plan, and to do a good job in the country's economic and social development next year was of great importance to dealing with the impact of the international financial crisis successfully in an all-around way and laying a sound foundation for China's 12th five-year plan. More efforts would be made to promote the transformation of the economic development pattern and structural adjustments and to enhance the focus and flexibility of economic policy in the following year in line with new situations next year, according to the attendees of the meeting. More efforts would also be laid on reform and opening-up, innovation, enhancing the vigor and momentum of the economic growth, improving people's livelihood, maintaining social harmony and stability, said participants of the conference. It was agreed at the meeting that a good balance should be kept in maintaining a relatively fast and stable economic growth, economic restructuring and dealing with predicted inflation next year. The government would strengthen financial support to sectors including farming, science and technology, education, health care, social security, affordable homes, energy saving and environmental protection in 2010, according to participants of the conference. The country would tightly control loans targeted at high energy- consuming, high polluting industries and those with excessive production capacity in a bid to improve loans quality and efficiency, according to the meeting. The Central Economic Work Conference comprises policy-making officials from central and provincial-level governments. More: China vows to promote transformation of development pattern in 2010 http://news.xinhuanet.com/english/2009-12/07/content_12604298.htm Peace and best wishes. Xi On 5 dic, 18:33, xi <[email protected]> wrote: > 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 > continuehttp://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]. 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