Special Report: Global Financial Crisis¡¡
BEIJING, Nov. 29 (Xinhua) -- Chinese President Hu
Jintao warned on Saturday that the global financial turmoil will make it harder
for China to maintain the pace of its economic development in the near future.
China is under growing tension from its large
population, limited resources and environment problems, and needs faster reform
of its economic growth pattern to achieve sustainable development, said Hu when
addressing members of the Political Bureau of the Communist Party of China (CPC)
Central Committee.
The nation should maintain a stable and relatively
fast economic growth, accelerate structural readjustment for sustainable
development, and stick to reform and opening up, said Hu, also general secretary
of the CPC Central Committee.
Efforts should be made to solve problems that concern
the people's fundamental interests, in order to achieve healthy and rapid
economic and social development and improve people's living, the CPC chief said.
Hu also underlined the importance of efficient
resource utilization and environmental protection in China's industrialization
and modernization strategy, and asked for the overall development in both rural
and urban areas.
The nation should not only seek fast and sound
economic growth, but also promote the comprehensive development of society and
its people, said Hu.
He also noted that with the spread of the global
financial crisis, China is losing its competitive edge in the world market as
international demand is reduced.
International competition is fiercer than ever and
protectionism has started to increase in investment and trade, said Hu.
In October, China's export growth slowed to 19.2
percent from 21.5 percent in September.
China outlines tasks for next year's
economic work
BEIJING, Nov.
28 (Xinhua) -- The Political Bureau of the Communist Party of China (CPC)
Central Committee convened a meeting here on Friday, analyzing and studying the
economic work of next year and setting out major tasks.
The meeting said that this year has been eventful and the
country has risen to many daunting challenges, including the global financial
crisis and domestic natural disasters. The economy has maintained a stable and
relatively fast growth and society has been stable, which are hard-won
achievements, it said. Full story
China's 4 trillion yuan stimulus to
boost economy, domestic demand
BEIJING, Nov. 9 (Xinhua) -- China said on Sunday it will
loosen credit conditions, cut taxes and embark on a massive infrastructure
spending program in a wide-ranging effort to offset adverse global economic
conditions by boosting domestic demand.
This is a shift long advocated by analysts of the
Chinese economy and by some within the government. It comes amid indications
that economic growth, exports and various industries are slowing. Full story
China plans 10 major steps to spark
growth as fiscal, monetary policies
ease
BEIJING, Nov. 9
(Xinhua) -- China will take 10 major steps to stimulate domestic consumption and
growth as it turns to an "active" fiscal policy and "moderately easy" monetary
policy, an executive meeting of the State Council said on Sunday. Full story
Backgrounder: A timeline of China's recent
economic-stimulus measures >>
A timeline of China's
macro-economic policy shifts over 30 years >>
