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FACTBOX: China's central economic work conferences in past years

Xinhua,December 18, 2017 Adjust font size:

BEIJING, Dec. 18 (Xinhua) -- The Central Economic Work Conference opened Monday as Chinese leaders began reviewing the country's economic performance in 2017, while mapping out plans for next year.

The following is a round-up of the key points of the conferences over the last five years.

Dec. 14-16, 2016

Basic tone: making progress while maintaining stability, with continued efforts to propel supply-side structural reforms and improve economic quality and efficiency

Major tasks: China vowed to implement a prudent and neutral monetary policy and make its fiscal policy more proactive and effective in 2017; ensure stable liquidity and the yuan's exchange rate; put more emphasis on preventing and controlling financial risks; continue to deepen supply-side structural reform, with progress in cutting industrial capacity, destocking, deleveraging, lowering costs and improving weak links; advance supply-side structural reform in agriculture; revive the real economy; ensure a healthy and stable property market; continue to push forward human-centered urbanization; make headway in reforms in key areas, including mixed ownership of state-owned enterprises (SOEs), property rights protection, fiscal and finance systems, capital markets and banking, pensions, and opening up.

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 including excess capacity cutting and deleveraging; advance reform in key sectors, including SOEs, fiscal policy and taxation, finance, banking, pensions and health.

Dec. 9-11, 2014

Basic tone: making progress while maintaining stability, centering on quality and efficiency of economic growth

Major tasks: China vowed 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 a 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 investor rights, interests and intellectual property rights; avoid pomp and circumstance, and take concrete actions to serve the people; encourage private and public investment. Enditem