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.

http://www.chinadaily.com.cn/business/2011-03/05/content_12121070.htm

2. Declare war against inflation.

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

http://www.chinadaily.com.cn/business/2011-03/05/content_12121431.htm

3. Fight housing bubble

Flood the market with supply

http://www.chinadaily.com.cn/business/2011-03/05/content_12120160.htm

4. Target 7% GDP growth from 2011 - 2015

http://www.chinadaily.com.cn/business/2011-03/05/content_12121759.htm

Comments
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.