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China Holds Central Economic Work Conference

China will hold a Central Economic Work Conference on December 15 and 16, 2012, to determine the direction for its economic policies in the upcoming year.

Many policy experts believe that the target for economic growth will remain at 7.5 percent with a focus on maintaining stability while improving quality and productivity. It is expected that the urbanization of rural areas will drive economic growth in the mid to long term. There will also be personnel shifts at the upper management level in the Central Bank, the Ministry of Finance, the Ministry of Commerce, and the National Development and Reform Commission, as well as in some entities dealing with financial regulation.

Source: Huanqiu, December 13, 2012