China to Tackle Economic Slowdown

   Date:2011-12-14     Source:puchangpingwangxin

As the ongoing central economic work conference decides economic priorities for 2012, CCTV reporter Guan Xin finds out the government is likely to pursue stable economic growth to withstand a gloomy global outlook.

China’s November trade data, combined with weak industrial production and fixed asset investment readings, is raising fears of a downturn.

Analysts say the biggest concern is no longer inflation, but a hard landing for the economy.

China’s industrial output growth dropped in November to its slowest pace in more than two years, raising expectations that China will pursue a more pro-growth policy to support jobs.

Meanwhile export growth slowed to its weakest pace since 2009. Exports to the EU, China’s biggest market, rose only 5 percent in November, a quarter of the pace reported in July and August.

However, experts believe such fluctuations will only be short-term. Analysts say the government is likely to emphasize stability and stick to the status quo for both proactive fiscal and prudent monetary policies.

That should translate into carrying this year’s growth and inflation targets over to 2012, at 8 percent and 4 percent respectively.

2005-2011 www.researchinchina.com All Rights Reserved 京ICP备05069564号-1