Economic work conference to solve economic problems (pictured)

[China Epoxy Network (China Epoxy Industry Online)December 9, 2008: The Central Economic Work Conference solves economic problems and seeks stable development.
The Central Economic Work Conference opened in Beijing on the morning of the 8th.
This meeting made arrangements for China's economic and social development in 2009, focusing on solving the economic problems that have emerged due to the increasing impact of the international financial crisis, in order to achieve "steady and rapid development" next year.
Experts from China Epoxy Industry Association ( in 2009, China's economic growth is facing downside risks, small and medium-sized enterprises are facing difficulties in business operations, the export and employment situation is severe, and the task of transforming the economic growth mode is difficult.
The Central Economic Work Conference focused on expanding domestic demand.
Experts said the conference will "set the tone" for next year's economic policy.
The annual Central Economic Work Conference has opened.
As the highest-level economic meeting in China, the 3-day Central Economic Work Conference will set the tone for the economic policy trend in 2009.
Economist Chang Xiuze believed yesterday that as China’s economy is at its lowest point in decades, the Central Economic Work Conference will further refine the economic policies introduced in the earlier period, “but the fundamental tone will not change, and growth will be maintained.
Promote domestic demand and adjust the structure.
” At the end of last year, in the domestic theoretical circles, when the Chinese economy was overheated, it was the Central Economic Work Conference that promptly adjusted the “two preventions” policy to “one prevention and one guarantee”, that is, “prevention”.
Inflation guarantees rapid economic growth.
” This was the first time the central government made it clear that China’s economy needs to prevent a decline.
This policy has also been proved to be very correct by the economic situation this year.

    Chang Xiuze analyzed that based on the experience of previous years, the Central Economic Work Conference usually first sets the tone for the situation in the coming year, and then the relevant ministries and commissions make adjustments to fiscal and monetary policies.
The special feature of this year is that before the opening of the Central Economic Work Conference, a series of economic stimulus policies have been successively introduced, including the "National Ten Measures" and "Nine Financial Measures".
"This is mainly because the internal and external economic situation has become so severe that it can no longer be used.
We must stop the decline quickly.
” Chang Xiuze believes that this year’s economic work conference will focus on expanding consumption and domestic demand.
“The previous policy to stimulate domestic demand was mainly aimed at investment, but since the central government wants to adjust the structure and consumption The demand must come up.
" Gong Fangxiong, chief economist of JPMorgan Chase Greater China, agreed with this statement.
He believes that from the perspective of the timing of the conference, this year's Central Economic Work Conference is a week later than in previous years, which means that more special and urgent measures to stimulate domestic demand will be introduced after the conference.
Will the renminbi depreciate? In response to questions about the direction of the renminbi, the Central Economic Work Conference may make relevant arrangements.
Minister of Commerce Chen Deming said on the 4th that China will not rely on the devaluation of the renminbi to stimulate exports.
At the Bank for International Settlements meeting held in Brazil last month, the governor of the central bank Zhou Xiaochuan said that “the devaluation of the renminbi will not be ruled out to help promote exports.
” According to experts from the China Epoxy Industry Association ( facing the plight of export companies, there is a dispute over whether the renminbi is depreciated in the theoretical circles.
China's trade surplus has shrunk significantly, and "China should be happy to see a more balanced trade account.
"

    Will the unemployment rate rise? There are media reports that a proposal on the combination of measures to ensure employment has been submitted to the State Council, and this report may be discussed at the Central Economic Work Conference.
The content of the report is mainly aimed at college students, returning rural migrant workers and veterans.
Zhang Xiaojian, Deputy Minister of Human Resources and Social Security, previously stated publicly that although China's unemployment rate for the whole year can be controlled within the 4.
5% target this year, China's unemployment rate will remain at a relatively high level before the end of the year and even after 2009.
Theorists believe that the current employment situation is more severe than official expectations.
Zhou Tianyong, deputy director of the Central Party School School Committee Research Office, said that due to factors such as declining export demand, difficult domestic consumer demand, and difficulties in business operations, China’s urban unemployment in 2009 was truly unemployed.
The rate will rise to about 14%.
Is the stock market expected to recover? According to the analysis of experts from the China Epoxy Industry Association ( due to the possible positive impact of the Central Economic Work Conference, the Shanghai and Shenzhen stock markets have both opened and moved high, with momentum, and the stock indexes of the two markets both rose by 3.
5.
%about.
In fact, in the case of frequent favorable central policies recently, the Chinese stock market finally saw a slight increase after the downturn.
Judging from the government's early economic stimulus policy, the focus is on major infrastructure investment, and its main stimulus sectors include steel and real estate.
The industry believes that after the Central Economic Work Conference, the government will continue to introduce more than expected policies.
The new policy direction may be the transformation of the economic structure and the stimulation of consumption.
Gong Fangxiong, an economist at JPMorgan Chase, believes that in order to strengthen confidence and encourage consumption, the government will introduce more A-share market measures, such as the stock market stabilization fund, which is expected to be born.

 (Our reporter Lan Xin)

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