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Chinese President Hu Jintao
delivers a speech at China's 2007
Central Economic Work Conference which is held in Beijing, capital
of China, from Dec. 3 to 5, 2007.
BEIJING, Dec. 5 (Xinhua) --
China's 2007 Central Economic Work Conference closed here Wednesday,
shifting the nation's monetary policies for 2008 from prudent to
tight while maintaining prudent fiscal policy.
Prudent monetary polices have been in place for a decade.
Monetary policy should play greater role in the macro-control
policy, said the conference, noting that China will strictly control
the volume and granting pace of loans, so as to better regulate
domestic demand and balance international payments.
The conference said with prudent fiscal policy and tight monetary
policy, China would take "two prevents" as its premier macro-control
task in the coming year: to prevent economic growth evolving from
rapid to overheating, and prevent price hike shifting from a
structural one to evident inflation.
President Hu Jintao and Premier Wen Jiabao both delivered speeches
at the conference from Monday to Wednesday.
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