China’s 18th party congress wrapped up last month and we were introduced to the most important policymakers in the world’s second largest economy.
Now top Chinese officials will get together for what is arguably the most important economic meeting of the year: China’s Central Economic Work Conference scheduled to take place between December 12 – 14, according to Caixin.
The annual meeting sees policymakers assess the current state of the economy and draw on these discussions to set the tone for the next year’s macroeconomic policy.
At a time when the global economy is sputtering and China is still largely considered a growth driver, all eyes will be focused on the news coming out of this closed-door meeting.
It has previously been reported that China will likely set its growth target at 7.5 percent for 2013. During the 18th party Congress Hu Jintao said that the nation will aim to double its 2010 GDP by 2020. That works out to about 7 percent growth.
Moreover, earlier this year, the State Council said China should amend its policies to move away from monetary tightening measures that we’ve seen in the past three years.
Goldman Sachs’ Song Yu said the government is also expected to pass tax reduction policies and measures to make the yuan more flexible, according to Caixin.
With the Chinese economy showing green shoots the news trickling out of this meeting will give us a clearer picture of what lies ahead for China.