Arab Today, arab today china to keep tight property rules in 2012
Last Updated : GMT 20:21:21
Arab Today, arab today
Arab Today, arab today

China to keep tight property rules in 2012

Arab Today, arab today

Arab Today, arab today China to keep tight property rules in 2012

Beijing - AFP

Chinese leaders have vowed to maintain property market restrictions in 2012 to bring housing prices back down to a \"reasonable level\", the official Xinhua news agency said Wednesday. The Central Economic Work Meeting, an annual gathering of Chinese leaders to decide economic policy for the next year, also agreed to maintain a \"prudent monetary policy\" and \"guarantee steady growth\", Xinhua said. The closed-door meeting in Beijing -- the last before a once-in-a-decade leadership transition begins next year -- was held against a backdrop of turmoil in China\'s biggest export markets of Europe and the United States. The main theme for the next 12 months will be \"making progress while maintaining stability\", Xinhua said, citing a statement issued after the three-day meeting finished. \"China will ensure that macroeconomic regulation policies and overall consumer prices remain basically stable and will guarantee the steady growth of the economy and maintain social stability,\" it said. Beijing will also \"unswervingly maintain its regulation policies on the property market next year to make housing prices return to a reasonable level.\" Policymakers also vowed to maintain a \"basically stable\" yuan exchange rate, which could put further downward pressure on the currency as investors bet against a strong appreciation next year. The yuan has been under the biggest selling pressure since the 2008 global financial crisis as slowing domestic growth and overseas woes fuel demand for the US dollar. The statement is a strong sign Beijing will move cautiously to ease tight credit restrictions put in place in the past two years to curb surging inflation and housing prices. Chinese leaders are anxious to prevent a sharp slowdown in the world\'s second largest economy but at the same time they want to avoid reigniting inflation which has the potential to trigger social unrest. The export-dependent country has seen demand for its products shrink in recent months as consumers from Paris to New York cut back on spending due to an increasingly bleak economic outlook. Consumer prices rose at their weakest pace in more than a year in November and industrial output growth hit its lowest level in more than two years, according to official data released Friday. Manufacturing activity also contracted in November for the first time in 33 months, fuelling concerns the economy is at risk of a hard landing. Late last month Beijing cut the amount of money banks must hold in reserve for the first time in three years to spur lending and counter turmoil in Europe and the United States that threatens to derail China\'s economy. Chinese media said Monday policymakers at the meeting must be prepared to deal with a \"weakening domestic economy and volatile external environment\" and \"take prompt action\" if necessary next year. Vice President Xi Jinping is widely expected to replace Hu Jintao as party head next year, becoming president in March 2013, while Vice Premier Li Keqiang is in line to take over from Wen Jiabao.  

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today china to keep tight property rules in 2012 Arab Today, arab today china to keep tight property rules in 2012

 



Arab Today, arab today
Arab Today, arab today Fadi Kataya explains secrets of  Nancy Ajram's newlook
Arab Today, arab today Messi visit will contribute in tourism

GMT 14:04 2017 Friday ,24 February

Messi visit will contribute in tourism
Arab Today, arab today Expresses Algerian history by woody figures

GMT 13:26 2017 Friday ,24 February

Expresses Algerian history by woody figures
Arab Today, arab today Mental conflict endures

GMT 07:36 2017 Friday ,24 February

Mental conflict endures

GMT 21:36 2017 Wednesday ,22 February

Opec needs to prolong cuts to eliminate surplus

GMT 16:32 2017 Wednesday ,22 February

US Treasury chief tells IMF to monitor currencies

GMT 16:08 2017 Wednesday ,22 February

Qatari banks merger to rebalance financial sector

GMT 05:57 2017 Wednesday ,22 February

Britain risks clash with EU over RBS bailout

GMT 05:26 2017 Wednesday ,22 February

Singapore carbon tax would hit refiners, help renewables

GMT 05:18 2017 Wednesday ,22 February

Chinese PM: US should avoid ‘trade war,’

GMT 20:59 2017 Tuesday ,21 February

Economy good, but homes in German cities overpriced
View News in Arabic - Business: نفط وبتروكيماويات
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today Reading therapy relieves mental disorders

GMT 15:39 2017 Friday ,24 February

Reading therapy relieves mental disorders
Arab Today, arab today UK appoints 1st Scotland Yard chief in 188 years

GMT 05:14 2017 Thursday ,23 February

UK appoints 1st Scotland Yard chief in 188 years
Arab Today, arab today Ex-yoga missionary unleashes rage

GMT 12:16 2017 Thursday ,23 February

Ex-yoga missionary unleashes rage
Arab Today, arab today Pluto's unruly moons

GMT 06:31 2015 Thursday ,04 June

Pluto's unruly moons
Arab Today, arab today Tesla back into red but revenue grows

GMT 07:27 2017 Thursday ,23 February

Tesla back into red but revenue grows
Arab Today, arab today Nissan enhances sales in most markets

GMT 14:08 2017 Monday ,20 February

Nissan enhances sales in most markets
Arab Today, arab today Wafaa Amer is happy for Sherihan’s return

GMT 07:36 2017 Wednesday ,22 February

Wafaa Amer is happy for Sherihan’s return
Arab Today, arab today Milan laughs while Rome cries

GMT 10:28 2017 Wednesday ,22 February

Milan laughs while Rome cries

GMT 05:19 2017 Tuesday ,21 February

Salma Rashid happy for 'A Whisper of Love'

GMT 12:35 2017 Tuesday ,21 February

63-Year-Old Woman Delivers Baby

GMT 22:42 2017 Thursday ,23 February

Nasima Gamei revives heritage in jewelries

GMT 15:53 2017 Tuesday ,21 February

Small ponds have outsized impact

GMT 20:33 2017 Friday ,17 February

To release new antiques collection

GMT 07:51 2017 Wednesday ,22 February

Mom's immune system accepts babies

GMT 09:59 2017 Monday ,20 February

Tourism shows signs of recovery

GMT 13:12 2015 Saturday ,09 May

Sheikh Sultan opens Sharjah Centre

GMT 20:02 2017 Tuesday ,21 February

Nohan Seyam designs beautiful accessories
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday