Monday, March 7, 2011

China People's Congress Take Away

A few priorities that the Chinese leaders will be driving:

1. Reduce income gap between rich and poor. The strategy will be implemented by imposing higher minimum wage and tax the rich.

2. Declare war against inflation.

Target 4%. Release strategic inventory to boost supply and implement price control

3. Fight housing bubble

Flood the market with supply

4. Target 7% GDP growth from 2011 - 2015

They seem to be serious to address the problems rather than denying problems. I still think this one of the best managed economies in the world.

Will need to keep an watchful eye on the commodities.

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