The Chinese Academy of Social Sciences (CASS) issued "China's Economy Blue Paper 2009" in Beijing on December 2.
The blue paper predicts that in 2009, while China's GDP growth rate may continue to slow down, it is still expected to remain above 9 percent. The inflation rate is also expected to be controlled below 5 percent.
According to the preliminary predictions of the blue paper, the afore-mentioned goals, despite the significant uncertainties that might linger in 2009, could still materialize as long as timely and appropriate macro-control measures are adopted; in light of the significant slow down in overseas markets' growth, domestic demand, consumer demand in particular, are to be actively expanded; investment to be kept stable with moderate increase in non-productive areas; and the socialist rural construction, the changes in economic development and the reforms in other pivotal fields are all to be fast tracked .
By People's Daily Online
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