Home / Business / News Tools: Save | Print | E-mail | Most Read | Comment
Economic policies for 2008 outlined
Adjust font size:

People's Daily, the mouthpiece of ruling Communist Party of China (CPC), is running an editorial on Thursday urging Chinese to make concerted efforts to put "quality" first while seeking economic development next year.

 

The article comes after an annual high-profile economic conference closed on Wednesday afternoon. The meeting decided to adopt a tight rather than prudent monetary policy while identifying the primary tasks facing the Chinese economy in 2008 and in preventing an across-the-board inflation and overheating.

 

"The central economic conference is of crucial importance in unifying thinking and uniting Chinese of all ethnic groups to continue emancipating their mind, sticking to reform and opening-up policies, advancing scientific development and in promoting social harmony," it said.

 

Describing the year's economic achievement as "heartening", the article reiterated the special significance of economic work to 2008 as the country would usher in the 30th anniversary of its opening-up and economic reform and host the Beijing Olympics.

 

Next year would also be the first for China to implement the strategies set by the 17th CPC National Congress in October where new Communist leadership was selected, it noted.

 

The newspaper said Chinese economic development should be centered upon a shift in economic growth from speed to quality, optimization of a market economy system, strengthening of macro-economic control, deepening reforms and opening-up policies, advancing technical innovation, and in improving people's livelihood and energy and environmental conservation.

 

To achieve the goals, the article maintained the country must strive to coordinate growth in consumption, investment and exports, balance the quantity and quality of economic expansion, secure a harmony among population, resources and environment, and to properly tackle the issues of reform, development and stability.

 

The newspaper reemphasized the strategies mapped out by the meeting. These included consolidating the fundamental role of agriculture for economic expansion to secure grain crop supply and in enriching rural China, making enterprises at the core of technical innovation to enhance national competence and to curb energy and resource consumption and putting people first.

 

"A lot of big and happy events are to happen next year. Maintaining good momentum in economic expansion while improving the public's livelihood and securing social harmony is very crucial," the article said.

 

(Xinhua News Agency December 6, 2007)

Tools: Save | Print | E-mail | Most Read
Comment
Pet Name
Anonymous
China Archives
Related >>
- UBS: China's economy is not overheated
- China opens key economic policy meeting
- Economic growth forecast at 11% next year
- China to adopt tight monetary policies in 2008
- China aims to prevent overheated economy, curb inflation in 2008
Most Viewed >>

Nov. 1-2 Tianjin World Shipping (China) Summit
Nov. 7-9 Guangzhou Recycling Metals International Forum
Nov. 27-28 Beijing China-EU Summit
Dec. 12-13 Beijing China-US Strategic Economic Dialogue

- Output of Major Industrial Products
- Investment by Various Sectors
- Foreign Direct Investment by Country or Region
- National Price Index
- Value of Major Commodity Import
- Money Supply
- Exchange Rate and Foreign Exchange Reserve
- What does the China-Pakistan Free Trade Agreement cover?
- How to Set up a Foreign Capital Enterprise in China?
- How Does the VAT Works in China?
- How Much RMB or Foreign Currency Can Be Physically Carried Out of or Into China?
- What Is the Electrical Fitting in China?