Beijing (CNS) - China's top leadership wrapped up a three-day Central Economic Work Conference today in Beijing, pledging to take a number of measures to ensure the economy "develops in stability" next year.
A wealth of adjustments tailored for business and construction taxation will come into effect next year; reformation of the taxation of resources and promotion of environmental protection taxation were scheduled for action as well. To support those initiatives, they intend to ensure stability of the monetary and financial policies, as always.
The possibility of world economic recovery was discussed and five main tasks were proposed for China's part in that effort next year. The first one is to maintain macro-controls over the country's relatively fast economic growth, including corralling housing prices into more rational territory. That task is augmented by others that insure sufficient supplies of agricultural products to the public and reasonable reconstructive measures for China's economy. In addition to deepening the opening-up policy, improving living conditions for more Chinese citizens is another underlying aim of the government's strategy.
President Hu Jintao, Premier Wen Jiabao and other central government leaders attended the conference.
