The Central Economic Work Conference opened Wednesday, as Chinese leaders began to review the country's economic performance in 2016 and map out plans for 2017.
The following is a review of previous conferences in the last five years.
Dec. 18-21, 2015
Basic tone: making progress while maintaining stability, with a priority on structural
reform Major tasks: China vowed to stabilize growth, make structural adjustments, improve people's livelihoods and guard against risks in 2016; ensure the economy operates within a reasonable range; appropriately expand aggregate demand while promoting supply-side structural reform; move ahead on five major tasks: cutting overcapacity, destocking, deleveraging, lowering costs and improving weak links; advance reform in key sectors, including state-owned enterprises, fiscal policy and taxation, finance, banking, pensions, as well as health.
Dec. 9-11, 2014
Basic tone: making progress while maintaining stability, centering on quality and efficiency of economic growth
Major tasks: China strived to keep economic growth and policies steady in 2015; actively adapt to the economic "new normal" of slower but higher quality growth; continue targeted and structured control policies to maintain medium-high growth; strengthen proactive fiscal policy; ensure prudent, balanced monetary policy; accelerate reform in administrative approval, investment, pricing, monopolies, franchising, government purchased services, and outbound investment; improve the investment environment and market access in the service sector; further open up manufacturing sectors; promote the China (Shanghai) Pilot Free Trade Zone (FTZ); stabilize inbound overseas investment and seek higher quality investment.
Dec. 10-13, 2013
Basic tone: pushing forward reform and innovation
Major tasks: China vowed to push forward reform and innovation in economic and social development; make progress while maintaining stability; continue proactive fiscal and prudent monetary policy; enhance quality and efficiency of economic growth; stimulate market vitality; accelerate structural adjustment; push forward interest rate liberalization and exchange rate reform; keep reasonable growth of the money supply and social financing; ensure national food security; resolve industrial overcapacity and advance innovation; contain local government debt risks; promote regional coordinated development; improve people's livelihoods; enhance the sound, transparent and fair environment to protect investors; strengthen the Silk Road Economic Belt and the 21st Century Maritime Silk Road.
Dec. 15-16, 2012
Basic tone: enhancing quality and efficiency of economic growth Major tasks: China vowed to make quality and efficiency of economic growth a central task; fully deepen reforms in its economic system and promote opening up; expand domestic demand as a strategic basis for development; implement proactive fiscal and prudent monetary policy; keep property market under control; push forward urbanization; protect foreign investors' rights and interests, and their intellectual property rights; avoid pomp and circumstance, and take concrete actions to serve the people; encourage private and public investment.
Dec. 12-14, 2011
Basic tone: making progress while maintaining stability Major tasks: China vowed to enhance and improve macroeconomic regulations to maintain steady and relatively fast economic growth; boost farm production through agricultural development; accelerate economic restructuring to coordinate economic development and entrpreneurship; deepen reforms in key areas and open up; improve people's living standards and innovate social management mechanisms.
Latest comments