By Xia Bin, Research Institute of Finance, Development Research Center of the State Council

Research Report No 148, 2011

Abstract:

This report analyzes the complexity of the current economic situation and dwells on how people treat it based on the characteristics of China's current economic development and its economic operation. It puts forward the principles and content for China's economic policies in the next phase. Any policy should be worked out to help address long-term problems, and should take both long and short-term issues into consideration, with the market playing a major role and some administrative measures. The country should continue to adhere to a prudent monetary policy, make details and improve support for SMEs, and give full play to financial structural transformation.