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With sharp recessions on the way, the world is looking to China for some confidence. But the Chinese economy has its own woes-its drastic decline in exports and a looming economic imbalance have yet to be redressed. After reporting a sharp slowdown in the fourth quarter of 2008, the country’s next step on the path to recovery is coming into focus. Premier Wen Jiabao’s government work report outlined a national campaign to turn around the slowing economy. Deputies to the 11th National People’s Congress (NPC) and members of the 11th National Committee of the Chinese People’s Political Consultative Conference (CPPCC) provided suggestions and comments about the economy. Here are some selected summaries of their opinions.
With the sharp recessions on the way, the world is looking to China for some confidence. But the Chinese economy has its own woes-its drastic decline in exports and a looming economic imbalance have yet to be redressed. After reporting a sharp slowdown in the fourth quarter of 2008, the country’s next step on the path to recovery is coming into focus. Premier Wen Jiabao’s government work report outlined a national campaign to turn around the slowing economy. Deputies to the 11th National People’s Congress (NPC) and members of the 11th National Committee of the Chinese People’s Political Consultative Conference (CPPCC) provided suggestions and comments about the economy. Here are some selected summaries of their opinions.