China Economic Conference 12:13 on December 13 without touching US-China trade
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China held an important meeting to decide next year's economic management policy as trade talks with the United States continued. Although the Chinese economy showed a strict perception of the current situation, it did not clearly mention the trade friction between the United States and China, but it seems to reflect the cautious response of the Chinese leadership.
To discuss the next year of economic management of China "Central Economic Work Conference" for three days up to 12 days, and Xi Jinping Jintao, Li Keqiang Prime Minister was held in attendance.
According to Xinhua News Agency, a state-run company in China, the meeting showed a strict recognition of the current situation, such as “Risk is clearly increasing both at home and abroad” with trade friction with the US in mind.
On the other hand, regarding trade friction with the United States, last year we launched a trade negotiation with the United States, but this time we are avoiding a clear mention.
The United States and China are currently in close talks toward the first stage of the agreement, which seems to reflect the cautious response of the Chinese leadership.
At the meeting, he pointed out that "to make economic stability the top priority," we will achieve the goal of doubling GDP and per capita income from 2010 by next year.
Regarding this goal, there is a view that the economic slowdown will jeopardize the achievement, and at this meeting, it was confirmed that the policy to continue aggressive fiscal policy such as tax cuts and expansion of public investment was supported to support the economy.
The Chinese leadership seems to have the aim of emphasizing the attitude of giving consideration to the public by showing a positive attitude to increase income even in a difficult economic situation.