China's annual central economic meeting "imminent"
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China's senior policymakers are to convene soon for an important annual meeting in Beijing to map out the principles for China's economic plan for 2005, state media reported.
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(InfoWorld) - The eyes of the world are looking towards Beijing for the Olympic Games that will be held here fewer than 11 months from now. But for real China watchers, an event next month will draw much greater attention and have a much greater impact on the country than 16 days of athletics. In mid-October, China's ruling Communist Party will meet for its regular five-year congress. Unlike the annual National People's Congress, the Communist Party Congress sets the nation's agenda for the next five years, and usually results in a shuffling of ministers and even military leaders. China's economy, despite major market reforms over the past 25-odd years, is still centrally planned, and operates on five-year plans with specific targets and goals that are approved during the meeting. Unlike the Olympics, for which most observers expect generallyÂ unfettered Internet accessÂ and the nation going out of its way to show that it's kinder and gentler, the party congress is a time of tension, especially in Beijing. Wikipedia's recent re-blocking in China is certainly no coincidence, and as the meeting approaches,Â more blockingsÂ and a network slowdown should be expected. A slew of new, anti-"vulgarity" policies have just come down from the State Administration of Radio, Film, and Television (SARFT), designed to keep sex and violence off the airwaves. Offline, visitors to Beijing can expect an increased police presence, possibly including roadblocks and inspections at night. China's government representatives work full-time and for the most part are specialists, not generalists. Policy pronouncements come from the respective ministries and state administrations charged with regulating those particular areas. For example, the Ministry of Information Industry (MII) handles technology in general, meaning IT and telecommunications. Those regulatory announcements come out at other points, and therefore more specific news, likeÂ the issuance of 3G (third-generation) licenses, won't be issued during the congress. What role technology will play in China's next five years will be clearer one month from now. Although the party congress is very much a broad-strokes event, the prominent mention of various aspects of the economy sets the tone for the coming five years. During former President Jiang Zemin's reign, science and technology were at the forefront of the nation's direction. However, current leader Hu Jintao, has attempted to reduce the corruption so prevalent during Jiang's time, and has tried to make rural reform and closing the gap between rich and poor a priority. As such, agricultural technology, rather than IT, may receive more public attention during the congress.
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China said cooling the world&#39;s fastest- growing major economy and maintaining a stable currency will be government priorities next year.
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BEIJING -- China's communists were set to wrap up a key leadership meeting today amid speculation over whether former president Jiang Zemin is giving up his last major post, accelerating a handover of power to his successor, Hu Jintao.
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China&#39;s top communist leaders today wind up a high level meeting, with expectations that a political reshuffle has taken place.
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China marks the arrival of the New Year, with the golden pig year seen as being particularly auspicious.
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It is premature to say that inflation has returned to China, but bank deposit rates need to remain positive in real terms, an economic planning official said on Tuesday.
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Chinese economic planners met Tuesday to set goals for 2007 amid efforts to keep the country's sizzling growth from racing out of control.
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A meeting of finance ministers and central bankers from the world&#39;s wealthy nations with Chinese counterparts on Oct. 1 will be a key opportunity to discuss
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China will maintain a stable monetary  and yuan policy as it tries to keep inflation in check, state  media cited a central banker as saying, amid resurgent  speculation Beijing may tinker with the rigidly held currency.
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China&#39;s ruling communist party leadership was locked in a much-anticipated meeting Thursday amid an apparent power struggle at the heart of the 68-million-member organization.
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China will keep to a path of rapid but stable economic growth in 2007, the head of the National Development and Reform Commission, China's top planning agency, said on Wednesday.
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China sought Friday to soothe concerns over a surprise interest rate rise, its first in nearly a decade and one which is expected to kick off a series of increases to cool growth in the world&#39;s seventh-biggest economy.
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China&#39;s spending on fixed assets such  as roads and power plants accelerated in the first five months  of the year, prompting predictions of imminent monetary  tightening to slow the world&#39;s fourth-largest economy.
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China's finance minister said economic growth of 9 percent this year would be acceptable, state television reported Wednesday, in the first acknowledgment by a senior official that growth might exceed the government's target of 7 percent.
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China&#39;s economy was expected to grow by about nine percent this year, a senior official with the State Development and Reform Commission was quoted as saying by the Beijing News on Saturday.
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As the two sides prepare for an economic summit, the focus is on what to do about China's persistent trade surplus