China will continue its proactive fiscal policy and moderately easy monetary policy next year and endeavor to improve the quality of economic growth.
Meanwhile, the Chinese government will enhance efforts in 2010 to promote agricultural development, strengthen produce supply to the market and expand rural demand. Zhangcheng has more.
China's Central Economic Work Conference, which is held once a year to set the tone for economic development in the next year, just concluded in Beijing.
At the conference, it was agreed that 2010 is the last year in the country's 11th five-year plan.
In this way, doing a good job in the country's economic and social development in the coming year is the key to dealing with the impact of the international financial crisis and laying a sound foundation for China's 12th five-year plan. (www.hxen.com)
Participants at the meeting agreed that China would continue its proactive fiscal policy and moderately easy monetary policy next year to strengthen the flexibility of the economy.
Zhuang Jian, a senior economist with the Asian Development Bank, said this signal indicates that the central government has noticed the hidden risk in the 10 trillion yuan, or about 1.5 trillion U.S. dollars, in credit provided
