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.
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