Some pointers to the future from different sources which all seem to suggest China’s economy is heading in the right direction.
The China Real Estate Association has predicted at a forum that China will possibly to tighten policy on the real estate industry as early as the second quarter next year.
China Securities Journal quoted the association as saying that the national economy is at a critical stage of picking up after stabilizing during the last three months of this year and the first quarter of next year. Thus, according to the association, investment in real estate and demand for houses will help maintain steady growth of the national economy.
While this is happening China has issued a directive for boosting automobile exports.
The directive sets the goal of achieving 10% annual growth in the export of automobiles and auto components from 2009 to 2011. The directive said that by the year 2020, the country’s auto and auto parts exports should take up 10% of the world’s total.
In communications, according to a document published by the Ministry of Industry and Information Technology and the National Development and Reform Commission, at the same time China will liberalize the management of fixed-line telephone tariffs.
iStock Analyst states that in real terms this will mean that instead of setting the prices for fixed line telephone calls, the government will provide a ceiling for the prices, which will encourage competition among telecom carriers and lead to lower prices. But as fixed line telephone calls are receding at a rapid rate it is debatable how much effect this move will have on the economy.