Reflections on the Annual Conference of the China Meeting of Perspectives for 2019

/, Quick News China/Reflections on the Annual Conference of the China Meeting of Perspectives for 2019

Reflections on the Annual Conference of the China Meeting of Perspectives for 2019

This week was the Annual Conference of Central Economic Work, where President Xi assessed what happened that year. He has already indicated some challenges and defined some lines of work, which China will execute will complete 70 years of the Foundation of the People’s Republic of China.
Concerning the actions this year, I would like to highlight:
• Adaptations made on complex foreign and economic policy issues, within an unstable external environment. Even so, a good standard of quality of life maintained in general terms to the Chinese.
• But a step in progress towards the end of the phase of the “moderately prosperous society,” where the goals of the “China Dream” will contemplate.
• Success is facing significant challenges, in the fight, to eradicate poverty and improve climate conditions.
President Xi is right when he envisages that the year 2019 should have political and economic turmoil. There is every reason to believe that we will have a year of low global growth.
It will require proper planning. Emphasize specific actions, because not only, there will be challenges, but business opportunities.
In my opinion, improving the ability to take advantage of opportunities will be correlated, with the best capacity to develop through innovation, the manufacture of products and the provision of services with higher added value.
However, other actions will be critical to creating favorable conditions for the advancement of Chinese development. Among them, I would point out:
• Invest more resources in the “weak areas,” and consequently, needier socially.
• Deepening reforms and rights.
• Guide the market so that opportunities seized and risk minimized.
• Encourage and support the growth of micro and small enterprises.
• The financial sector will be encouraged to help the real economic areas further.
• The government will act in a way to avoid that excess financial leverage can aggravate financial problems in local governments.
• Operating in the macroeconomic fundamentals, through a proactive fiscal policy (with a larger scale of tax cuts, rates) and more prudent monetary policy. While it is in the interest of the government to create more credit for small businesses with more advantageous terms, improve your system of economic capacity.
• Increase the capacity for technological innovation.
• Keep efforts to keep ecological challenges in the right direction.

By | 2018-12-22T21:20:43+00:00 dezembro 22nd, 2018|Quick News Brazil, Quick News China|0 Comments