Aim to stable and relatively fast growth
The country’s top leadership guaranteed the taking steps to ensure a “stable and relatively fast” economic growth next year after the three-day Central Economic Work Conference (CEWC) in Beijing on December 10, 2008.
President Hu Jintao and Premier Wen Jiabao addressed at the annual conference that policymakers plan to boost domestic demand and carry out economic restructuring to maintain a sound economic growth amid the deepening global financial crisis.
Under the worsening global economic situation, the World Bank was forced to cut its growth forecast for the world economy from 1 percent to 0.9 percent next year. And the global trade volume would decrease by 2.1 percent, it said.
To tackle the crisis, the government Read more…
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