Prior to the convening of the Central Economic Work Conference,

Prior to the convening of the Central Economic Work Conference, the central level is intensive meeting judged the situation. First, the CPC Central Committee December 5 held in Zhongnanhai, the non-Party personages forum on the current economic situation and the economic work next year to listen to opinions from all sides. Then, on December 9, Politburo meeting judged that the economic situation. Two important meetings by the general secretary of the CPC Central Committee Hu Jintao presided over.

"Steady growth, adjusting the structure, livelihood security, promoting stability on the 5th forum of non-party personages, the sentence parallelism of the 12 words in his speech of Hu Jintao's meeting will be" steady growth "the first place, causing great market attention and interpretation.

Prior to that, "First Financial Daily" interviewed more than economic analysts have pointed out that next year's policy priorities is "to maintain growth.

Of the CPC Central Committee Political Bureau meeting, when the National Bureau of Statistics released November of macroeconomic data. Both down the data trend of inflation and the industrial added value for the real economic situation also highlights the Political Bureau of the necessity to put forward a more predictable control policies. Economy slowing down too fast, is clearly not the government want to see the phenomenon.

Lu political commissar, chief economist, told reporters that, unless the future unexpected domestic and international situation worsened, Otherwise, the macro-control policy shift should be gradual and smooth; the current world economic risks increased significantly in the policy implementation, plans are often better to change quickly, this is the meeting stressed that the future regulation of "more predictable" reasons.

Next year the focus, or in response to the economic slowdown

Affected by the sluggish performance of the real estate and export sectors, as well as two years ago, the economic stimulus waning influence of the effects of policies, China's real economy is in the range of the slowdown.

From China's own longitudinal comparison of view, economic growth is easing trend: the first three quarters of this year, GDP growth were 9.7%, 9.5%, 9.1%, lower than the level of more than 10 percent last year, also lower than 1979 2010, an average annual 9.9% growth rate.

The newly released November data is also a hi and a worry. Hi, yes, the CPI growth rate dropped to 4.2% of the annual lowest point in November under the strong influence of government policies.

But slightly worried about is that the decline rate of industrial production and investment should be more than the market had expected. In November, China's industrial production growth rate declined from 13.2% year-on-year in October to 12.4%; November total fixed asset investment growth slowed down from 24.9% year-on-year in Dell XPS Keyboard October to 24.5%.

Judgment in accordance with this trend of slowing down, Nomura Securities believes that China's economy slows significantly until the second half of 2012, it is expected the first quarter, real GDP growth fell to 7.5 percent year-on-year, economic annual growth of 7.9% in 2012.

Although the economic slowdown is mainly the result of active regulation of the Chinese government, but the magnitude Sony Vaio VGN Keyboard of the economic slowdown may affect the subsequent development, the basis of a policy of reform.

The economic situation in November and then review the analysis of the Political Bureau of the pre-and micro adjustments of policy formulation, and the China Enterprise Confederation Deputy Director Hu later than that, the future policy movements are still closely tracking economic trends, real-time pre-tune and fine-tuning to strengthen the policy relevance. For example, if the economy to continue down the policy appropriate to the partial "loose" direction to go, if the CPI rebounded, policies appropriate to the partial "tight" direction to go.

Next year the investment is expected to receive policy protection

As one of the main support for next year's economic re-optimize the investment may be the new initiatives of the government to maintain the economic

The investment is the main driving force for the past ten years to support economic growth. The reporter also noted that the Politburo meeting, to further optimize the investment structure protection in construction projects under construction, in an orderly manner to the major projects identified by the "12th Five-Year Plan to guide and regulate the business investment. This may slow next year, the investment down the speed.

1 to November growth rate of investment in China has dropped to the lowest value during the year. Whether the growth rate of investment in real estate or other investments in the sectors, almost all of the significant slowdown in the trend.

The economy can maintain steady growth, a big reason is that investment growth is stronger than expected at the beginning of; the first three quarters of this year, China's very active private investment, private investment accounted for the proportion of investment in fixed assets rose further to 59%, the growth of private investment rate of 34.2 percent, 9.3 percentage points higher than the total fixed asset investment growth, the current market price situation to enhance the corporate willingness to invest, although the Government invest in the fall, but private investment is not a lack of funds.

It is worth noting that, regardless of official statistics in November PMI HSBC PMI hit a new low. This means that either large enterprises or small businesses are feeling pessimistic outlook The subsequent lack of growth momentum.

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