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UPDATED: December 20, 2010 NO. 51 DECEMBER 23, 2010
Mapping a Steady Course
China gears up to steer the economy toward more sustainable growth

 Main Tasks for 2011

1. Strengthen and improve macroeconomic regulations and maintain the stable and healthy development of the economy. Strike a balance between maintaining fast growth, adjusting economic structure and managing inflationary expectations; prioritize price controls; adopt a proactive fiscal policy and strengthen management of local government debts; adopt a prudent monetary policy, guide more credit into the real economy; improve the yuan exchange rate regime and keep the exchange rate at a reasonable and balanced level.

2. Modernize agriculture and ensure supplies of agricultural products. Stabilize planted acreage of grain, increase subsidies to agricultural productions, bump up the minimum purchase prices of grain, protect arable land, improve rural infrastructure and develop modern farming technologies.

3. Quicken structural adjustments. Encourage consumption, cut back on industrial overcapacity, foster an array of competitive and innovative enterprises, build up the service industry, press ahead with the green economy, enhance energy saving and emission reductions, develop low-carbon technologies, deepen the western development strategy, and propel the development of the central and eastern regions.

4. Improve basic public services and innovate the social management system. Promote the cultural sector as a pillar industry of the economy, bolster job creation, optimize social welfare (including education, pension and health insurance), increase construction of affordable houses, rebuild dilapidated houses in the countryside, and develop public low-rent housing.

5. Promote changes to the economic development model. Propel reforms in all fields. Reform the income distribution system, bridge the income gap between the rich and poor, deepen reforms for the personal income tax and resources tax system, build multi-level capital markets and push forward reforms for state-owned enterprises and the collective forest right system.

6. Broaden international economic cooperation. Attach equal importance to exports and imports, inward investments and outward investments; encourage foreign investments in hi-tech industries, the service sector and energy-efficient and environment-friendly businesses, as well as the central and western regions; further open up the service sectors including the financial industry; and fend off risks of investing overseas.


The annual Central Economic Work Conference, held each December since 1994, summarizes the current year's economic development, sets the tone for macroeconomic policies, and announces the major missions for the coming year. The following is a wrap-up of the conferences over the past five years.


Macroeconomic outlines Maintain the proactive fiscal policy and moderately loose monetary policy in 2001, continue to raise the policy pertinence and flexibility; and attach more importance to changing the economic development pattern as well as economic restructuring.

Main tasks for 2010

Raise the macro-control level and maintain stable and relatively fast economic growth. Strike a balance among maintaining economic growth, adjusting the economic structure and managing inflation expectations. Consolidate and strengthen economic recovery.

Strengthen economic restructuring efforts and uplift economic development quality and benefits. Attach great importance to domestic consumption expansion. Push forward urbanization and optimize the industrial structure.

Consolidate the development base for agriculture, rural areas and farmers as well as expand rural consumption. Further improve favorable policies for farmers; increase subsidies relating to agriculture, rural areas and farmers; speed up the development of modern agriculture; advance the construction of a new socialist countryside; steadily expand rural demand; and consolidate rural development.

Deepen economic system reform and revitalize economic development.

Maintain stable export growth and strike a balance with international payments.

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