The annual Central Economic Work Conference opened on Friday, during which Chinese leaders are expected to review the country's economic work in 2015 and map out plans for 2016 with priority on structural reforms.
The following is a review of the central economic work conferences held in the previous five years.
Dec. 9 to 11, 2014
Basic tone: making progress while maintaining stability, centering on enhancement of 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 speed but higher quality; continue targeted and structured control policies to maintain a medium-high growth for the economy; make sure the proactive fiscal policy is stronger and the prudent monetary policy should be more focused on striking a proper balance between being tight and loose; accelerate reform in administrative approval, investment, pricing, monopolies, franchising, government purchased services, and outbound investment; improve its investment environment, market access in the service sector; further open up manufacturing sectors; popularize experiences of the China (Shanghai) Pilot Free Trade Zone (FTZ); stabilize inbound overseas investment and seek higher quality investment.
Dec. 10 to 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 to implement proactive fiscal and prudent monetary policies; enhance quality and efficiency of economic growth; stimulate the market vitality; accelerate the economic structural adjustment; push forward interest rate liberalization and exchange rate reforms; keep a reasonable growth of money supply and social financing; ensure national food security; resolve industrial overcapacity and advance innovation-driven development; contain risks of local government debt; promote regional coordinated development; improve people's livelihood; enhance the opening-up and create sound, transparent and fair environment to protect investors' interests; strengthen connectivity of the Silk Road Economic Belt and the 21st Century Maritime Silk Road.
Dec. 15 to 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 economy system and firmly promote opening up; take expanding domestic demand as a strategic basis for the country's development; continue to implement proactive fiscal and prudent monetary policies; continue its control policies on the property market; actively and steadily push forward urbanization; continue to protect foreign investors' rights and interests and their intellectual property rights; avoid pomp and circumstance and take concrete actions to serve the people wholeheartedly; encourage and increase both private and public investment.
Dec. 12 to 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 produce supplies through the development of agriculture; accelerate economic restructuring to make economic development more self-initiated and coordinated; deepen reforms in key areas and open up to the world; improve people's living standards and innovate the social management mechanism.
Dec. 10 to 12, 2010
Basic tone: ensuring stable and relatively fast economic development while maintaining social stability.
Major tasks: China plans to enhance and improve macroeconomic regulations to maintain steady and healthy economic growth; boost farm produce supplies through the development of modern agriculture; accelerate strategic transformation to make economic growth more coordinated and competitive; improve basic public services and innovate the social management mechanism; intensify reforms to promote a shift in the economic growth mode and maintain a mutually beneficial opening-up strategy to broaden international economic cooperation.
