On April 15, 2013, China Review News published an article on the direction of China’s economic development during 2013. According to the article, the new direction of China’s economic and social development in 2013 includes the quality of economic growth and the security of the people’s livelihood.
Following an economic growth of 7.5 percent in 2012, the goal for economic growth in 2013 was once again set at 7.5 percent. China must be vigilant about inflation. The current inflation rate is 3.5 percent. Therefore, the regulation of the economy in 2013 should focus on the application of monetary policy, stabilizing the prices of real estate and agricultural products, and on other related functions.
Resource: China Review News, April 15, 2013