China’s top economic policy makers will meet next week to decide how to secure growth of at least 8 percent, outpacing the World Bank’s more pessimistic forecast, government officials said. The annual Central Economic Work Conference, scheduled for Monday through Wednesday, will tackle ways to implement the recently adopted “expansive” fiscal policy and “moderately easy” monetary policy. Also on Tuesday, the Chinese Academy of Social Sciences predicted that China’s economy could sustain growth of around 9 percent next year because of the concerted world effort to counter the financial crisis. The target set by the government was higher than the World Bank’s forecast of a 7.5-percent increase next year. http://www.echinacities.com/main/news/business_information.aspx
