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2008 Central Economic Work Conference
China strives for economic soft landing next year amid global financial crisis
After five years of double-digit economic growth, China on Wednesday set the tune of carrying out a "soft landing" to begin a new growth cycle, as Chinese policy makers gathered at the Central Economic Work Conference to tackle mounting difficulties in sustaining growth amid global financial tsunami.
Top economic meeting focuses on stable growth and flexible policies
  Economic Growth
• Backgrounder: Economic stimulus plans by China's ministries, agencies
• China strives for economic soft landing next year amid global financial crisis
• Stable, relatively fast growth targeted

  Employment
• Jobless rate should be kept below 5% for stability
• Put job creation first
• Employment top of agenda in Jiangsu

  Domestic Demand
• People's Daily underscores domestic demand for China's quality and rapid growth in 2009
• Meet to focus on consumption
• Policymakers ponder ways to spur consumption

  People's Livelihood
• China central bank: State treasury fund to go directly to final recipients
• China property stimulus plan targets low-income housing, ownership
• China raises machinery subsidies to help farmers, returning migrants

  Monetary Policy
• Parity rate climbs
• Yuan hits new high against U.S. dollar after 2 months of depreciation
• Yuan weakens against dollar for 4th straight trading day after interest cuts

  Foreign Trade
• Exports, FDI punge amid global slowdown
• China's FDI declines in November
• China Nov. exports down 2.2% in first fall since June 2001

About the Conference
China's annual Central Economic Work Conference opened in Beijing Monday to set tone for the economic development next year.

Observers believed the three-day event would give priority to efforts to maintain stable economic growth.

Impact from the international financial tsunami on the Chinese economy has begun to show up, and to deepen into various sectors of the real economy.

Since mid October, the Central Government has promulgated a string of policies and measures to prevent the national economy from sliding drastically.

More measures are expected on the three-day Central Economic Work Conference, which was initiated more than a decade ago and held at the end of every year.

Backgrounder

 

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