Nov. 14: Weibo users engage Party congress on macro-economic policy

0 Comment(s)Print E-mail China.org.cn, November 14, 2012
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@hxm1226235423: The 18th Party congress opens tomorrow and I am turning my focus more towards the economic policy the new premier will conduct. This is also our last hope. Will the prices of commodities and houses decline? Will salaries be raised? Will the Chinese economy, which seems to have been stuck over the past 10 years, grow once again? Expectations are high for the 18th Party congress, and we-the general public- hope to see some desperately craved differences. (Tencent Weibo)

@shanpanfeng: We agree that economic indicators will rise steadily if many policies are issued over a short period of time, especially the growth of fixed asset investments. However, it's still questionable whether or not such intensity of policy can persist. In fact, although PMI's new orders index went up, the inventory index is still at a high level. Therefore companies are now still under relatively large destocking pressure. (Xinhua Weibo)

@beikedeyu2012: Over the past five years since the 17th Party congress, China has been coping with the global financial crisis. The country has led the way to recovery because of its successful macro-economic policy. Generally speaking, China's macro-economic regulations were relatively successful. However, the financial crisis didn't come to an end quickly and actually turned into a sovereign debt crisis within the euro zone. As a result, China's macro-economic policies are still focused on tackling the debt crisis.(Tencent Weibo)

@martin_ko: I read in the 18th Party congress report that by 2020 China should have doubled its 2010 GDP and per capita income for both urban and rural residents. I have a question here. Does the per capita income mentioned here refer to nominal income or actual income? This makes a big difference in regards to the related macro-economic policies.(Tencent Weibo)

@wsz1979: China's National Bureau of Statistics has announced last month's economic indicators, attracting the attention of foreign media. October's CPI hit a 33-months record low. Industrial added-value, fixed-asset investments, retail sales and infrastructure investments all witnessed a steady increase. These indicators signal that China's economy is stable.(Tencent Weibo)

@sgw1011103861: I hope the government can loosen economic policies after the 18th Party congress ends. It has been impossible to collect payments this year.(Tencent Weibo)

@qinyingchao123456789: Congratulations on the successful opening of the 18th Party congress. The Communist Party of China has won the people's support during its past 91 years of administration. No other parties could have pulled this off. This demonstrates that the CPC is a party with great promises and one that is highly praised by its people. I'm looking forward to hearing the 18th Party congress' updated development plan and new economic policy that will better suit our national requirements. I wish the congress a successful completion!(Tencent Weibo)

@spforyou: The 18th Party congress is certainly good news for the stock market. As far as economic regulations and recovery plans go, the government's policies could lean more towards infrastructure investment, especially in railway construction. I hope China can continue to loosen its monetary policy after the congress comes to an end. The real economy and capital market is in dire need of funds right now. A cut in the reserve requirement ratio is extremely urgent.(Tencent Weibo)

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