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Top leaders meet to set economic guidelines for next year

By Wang Yanlin  (Shanghai Daily)

13:29, December 13, 2011

China's top leaders and economic planners gathered yesterday for the annual Central Economic Work Conference in Beijing, kicking off a meeting which will summarize China's economic performance this year and set guidelines for the year ahead.

This year's conference was being held much later than usual, an indication of the complexity of designing the road map on how to run China's economy in 2012.

Analysts expect no major shifts in policy stance from the three-day closed-door conference as leaders were stressing continuity. But "selective easing," which could strike a balance between a stabler economic growth, faster economic restructuring and more controllable inflation, was widely expected.

Next year is considered a crucial period in implementing China's 12th Five-Year Plan (2011-2015) with an emphasis more on the quality of growth. But a sharp economic moderation is definitely not what the policymakers expect to see.

Lu Zhengwei, chief economist at Industrial Bank, said inflation control was no longer the top priority for policymakers.

"Government officials should put growth in the first place now," Lu said yesterday. Lu expected a stable, gradual and selective easing policy stance that could help China cope with growing uncertainties in the world economy.

"In real implementation, plans usually can't catch up with changes, so planners should make their policies very flexible, targeted and forward-looking," Lu said.

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WANG at 2011-12-1370.51.155.*
Given the fact that the current european crisis starts from the financial melltdown during the wall street collapse of 2008,it is the western style of greed and arrogance that bring down the financial systems and the rest of the world suffered especially the developing countries and now the french racist sarkoszy asking bail out money from China,not forgetting during 2008 olympics,sarkoszy head the european countries to boycott the Beijing olympics,how shameless now he wants bailout cash from the Chinese.FIRST of all CHINA had no reason and should not aid the european,because until now the european had not accept China as a Market Economy,means they still look down on the chinese people and are stil not ready to respect,and acknowledge the hard work done by the Chinese.SECONDLY, China still had millions of poor people stuggling to improve their standard of living.Chinese workers should get a better wages to catch up with europe,every chinese business should have the obligation to pay more higher wages to their fellow citizens so that they can catch up with the european is every chinese business owners resposibility to do so in order to get respect from europe. THIRDLY CHINA should not worry about europe crisis because the most that their citizens would have to face higher taxes,lower pension fund and work more hours and that they shoud do ,to work as hard as the Chinese,and the most the european would have to cut their lavish holidays all the time sunbathing on all the most expensive beaches like the bali beaches in indonesia. THIS MEANS that the europeans are shameless ,thick skin ,asking the hardworking chinese for bailout,in the meantime bashing CHINA WHENEVER they have the slightest chance to do so whether in the western media or through government officials.

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