CCP commits to slowing Chinese economy

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Courtesy of Sinocism comes the results of the Central Economic Work Conference (CEWC):

一是坚定不移贯彻新发展理念 First, we will unswervingly implement the new vision for development;
二是坚决打好三大攻坚战 Second, we will resolutely fight the “three tough battles”;
三是确保民生特别是困难群众基本生活得到有效保障和改善 Third, we will ensure that people’s well being, especially the basic living standards of those in need, are effectively guaranteed and improved;
四是继续实施积极的财政政策和稳健的货币政策。Fourth, we will continue to implement a proactive fiscal policy and a prudent monetary policy;
五是着力推动高质量发展 Fifth, we will work hard to promote high-quality development;
六是深化经济体制改革 Sixth, we will deepen economic restructuring

It also reiterated that houses are for living in, not for speculating on “要坚持房子是用来住的、不是用来炒的定位”

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About the author
David Llewellyn-Smith is Chief Strategist at the MB Fund and MB Super. David is the founding publisher and editor of MacroBusiness and was the founding publisher and global economy editor of The Diplomat, the Asia Pacific’s leading geo-politics and economics portal. He is also a former gold trader and economic commentator at The Sydney Morning Herald, The Age, the ABC and Business Spectator. He is the co-author of The Great Crash of 2008 with Ross Garnaut and was the editor of the second Garnaut Climate Change Review.