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CCP Politburo Meeting on Next Year’s Economic Work

A Chinese Communist Party Politburo meeting was held in Beijing on December 3, 2010. Hu Jintao presided over the meeting, analyzing the economic requirements for the coming year. The meeting’s outcome stipulated “this year, the economic development environment in China has been extremely complex, with many natural disasters and major challenges.” It also concluded that “China will face many difficulties and challenges in the coming year.” For next year, “(China) should continue to strengthen and improve its macro-economic control, adjust the short-term and long-term priorities … not only solve the current issues, but also advance on solving the deeper conflicts and resolving potential risks … ” It outlined many directions, including increasing internal consumption and raising income for the low to mid-level income group, preventing blindly repetitive government investments, stabilizing consumer prices, developing energy-saving industries, expanding exports, and so on.

Source: Xinhua, December 3, 2010