China Charted Economic Plan for 2012

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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.