Balancing act for China's leadership
CHINA'S leaders yesterday pledged to prevent wild swings in the economy, while warning that the economic situation in 2011 would be complicated.
The country should maintain stable and consistent macro-economic policies while improving accuracy, flexibility and efficiency of these policies, the Political Bureau of the Communist Party of China Central Committee decided at a meeting presided over by President Hu Jintao.
Officials at the meeting were urged to "remain sober, be aware of difficulties, and work hard" to fulfill their tasks this year so as to create a good beginning for the 12th Five-Year Plan.
The top echelon of leadership said China would continue an active fiscal policy and prudent monetary policy, while trying to balance steady economic growth with economic restructuring and control of inflationary expectations.
"It is necessary to maintain stable commodity prices, expand domestic consumption, increase investment in agriculture, speed up industrial restructuring, promote education and the development of science and technology, and improve people's livelihoods and cultural services," the Political Bureau said in a statement after the meeting.
It also reiterated the importance of expanding reform in key sectors and advancing the cause of opening-up, while intensifying efforts to build a clean government and fight corruption.
Members of the Political Bureau also discussed the drafts of the government work report and the 12th Five-year Plan, or national development blueprint for 2011 to 2015.
The two drafts will be submitted to the top legislature for approval at its annual session in March.
The period from 2011 to 2015 will be critical for China in its bid to build a well-off society, said the statement.
In order to meet Chinese people's expectations for a better life, China will stick to scientific development by focusing on accelerated transformation of its way of economic growth while deepening reform and opening-up, and guaranteeing and improving people's livelihoods, according to the statement.
"It is necessary to solidify and boost China's success in outperforming other countries in dealing with the international financial turmoil, and advance the economy to grow at a faster and steady pace for a long time while guaranteeing social harmony and stability," it said.
Great efforts should also be made to develop social services, advance the cause of conserving energy and resources, protect the environment in a down-to-earth manner, and keep intensifying the drive to enhance government reform, the statement said.
The country should maintain stable and consistent macro-economic policies while improving accuracy, flexibility and efficiency of these policies, the Political Bureau of the Communist Party of China Central Committee decided at a meeting presided over by President Hu Jintao.
Officials at the meeting were urged to "remain sober, be aware of difficulties, and work hard" to fulfill their tasks this year so as to create a good beginning for the 12th Five-Year Plan.
The top echelon of leadership said China would continue an active fiscal policy and prudent monetary policy, while trying to balance steady economic growth with economic restructuring and control of inflationary expectations.
"It is necessary to maintain stable commodity prices, expand domestic consumption, increase investment in agriculture, speed up industrial restructuring, promote education and the development of science and technology, and improve people's livelihoods and cultural services," the Political Bureau said in a statement after the meeting.
It also reiterated the importance of expanding reform in key sectors and advancing the cause of opening-up, while intensifying efforts to build a clean government and fight corruption.
Members of the Political Bureau also discussed the drafts of the government work report and the 12th Five-year Plan, or national development blueprint for 2011 to 2015.
The two drafts will be submitted to the top legislature for approval at its annual session in March.
The period from 2011 to 2015 will be critical for China in its bid to build a well-off society, said the statement.
In order to meet Chinese people's expectations for a better life, China will stick to scientific development by focusing on accelerated transformation of its way of economic growth while deepening reform and opening-up, and guaranteeing and improving people's livelihoods, according to the statement.
"It is necessary to solidify and boost China's success in outperforming other countries in dealing with the international financial turmoil, and advance the economy to grow at a faster and steady pace for a long time while guaranteeing social harmony and stability," it said.
Great efforts should also be made to develop social services, advance the cause of conserving energy and resources, protect the environment in a down-to-earth manner, and keep intensifying the drive to enhance government reform, the statement said.
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