China will continue to strengthen and improve macroeconomic controls next year with an emphasis on preventing widespread inflation, state media have reported.
The new Politburo convened yesterday to discuss major economic issues facing the country and outline the policy agenda for the coming year.
President and Communist Party chief Hu Jintao chaired the Politburo meeting, which was the first since a new leadership lineup, including a team of economic ministers in waiting, was unveiled last month at the party's five-yearly congress.
For next year's economic policies, the central government will seek 'steadfast, constant, relatively fast and harmonious' economic growth, Xinhua reported after the meeting.
'Preventing relatively fast economic growth from overheating and preventing structural inflation from becoming widespread are the top priorities' on the economic agenda next year, it said.
The mainland's Consumer Price Index rose 6.5 per cent year on year last month, equalling August's 11-year high of 6.5 per cent.