SteelOrbis Shanghai
China's impressive economic performance continues to outshine other economies around the world. GDP growth has been in double digits for four consecutive years now, the consumer price index has been kept at a low level, with the Chinese authorites at all levels concerting their efforts towards the promotion of national economic development. The current trend in
China will last for at least two more years, experts and institutes have predicted.
However, this powerful resources-consuming growth is expected to undergo changes in the near future - changes which will take place under the guiding hands of senior government officials. Some government figures have stressed that the Chinese economy must be kept on a comparatively steady track next year. In particular, they emphasize the necessity of avoiding any sudden ups and downs, of maintaining efficient economic structural adjustment and of diversifying methods of economic growth. Policies regarding finance, currency and industry must be adapted in order to achieve the above-mentioned goals.
In comparison with currency policies, more room needs to be given to stability-oriented financial policies in
China. Issues such as social transition, the comprehensive opening-up expected after World Trade Organization accession, in addition to other complicated internal and external environmental elements, will require the Chinese Ministry of Finance to adopt wise and appropriate policies. Whereas before policies were focused on the acceleration of economic growth, they will now need to concentrate on exerting more of a steadying influence on the Chinese economy.