The 2009 Central Economic Work Conference ended yesterday in Beijing with a plan to boost the economy by stimulating demand and job creation, AFP reported. Specific details of the plan have yet to emerge, but they are expected before the annual session of the National People’s Congress in March. The conference, chaired by President Hu Jintao and Premier Wen Jiabao, called for expansion of domestic demand and "fast-paced" economic growth, with a focus on strengthening sectors of the economy not tied to exports. The conference also called for the People’s Bank of China to pursue a "suitably" loose monetary policy. "To overcome the serious influence of the international financial crisis and carry out next year’s economic tasks in a good way is of vital importance to safeguarding the stability of the reform and opening programme and fulfilling … our plan to build a well-off society," said a communique issued by the conference.
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