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China's economy stabilizing, but facing severe challenges (2)

(Xinhua)

08:08, December 05, 2012

China should also work to maintain stable consumer prices and realize continuous and healthy economic development as well as social harmony and stability, the statement said.

Efforts should also be made to promote a stable increase of investment, optimizing investment structure, boost agriculture production, advancing urbanization, optimize foreign trade structure, and push forward reforms in key sectors, it said.

Authorities will support companies leading major national scientific and technological projects with clear industrial goals, according to the statement.

China will further carry out the country's regional development strategy by accelerating development of economically underdeveloped regions, it said.

The meeting came ahead of an annual economic work conference, one of the nation's most important economic events. The conference will set economic policy guidelines for the coming year.

Next year will be of great importance as it is "the first year of implementing tenets of the CPC's 18th national congress and an important year for laying a solid foundation for completing the building of a moderately prosperous society in all respects," the statement said.


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