The annual domestic economic summit closed with a call for more balanced growth in 2010, relecting concerns about the excesses of the current stimulus package – specifically inflationary pressures, asset bubbles and overcapacity – and the continued weakness of local and external demand, the Wall Street Journal reported, citing state media. The Central Economic Work Converence reaffirmed Beijing’s commitment to deficit spending and loose monetary policy. Chinese leadeship signaled that they might toughen controls on additional investment in 2010: "We will [focus] on completing projects under construction while strictly controlling new projects." The statement did not directly discuss currency exchange policy. According to some analysts, the neutral tone of the official statement hides an increasingly fractious debate over the future course of economic policy.
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