During the annual meetings of the NPC and CPPCC to be held in March in Beijing, some important topics will be covered: improvement of employment, sustaining GDP growth, developing agricultural area,stabilizing capital market, medical reform, establishing social security.
In 2009 25 million people are looking for jobs and in the second half of the year it will increase to 31.1million when students graduate from schools. 2009 turns out to be the most challenging year for people who are looking for a job in the past 30 years.
Another focus is how to sustain the growth of GDP. Some scholars and government officials are optimistic about achieving a growth of 9% in 2009, the other are less optimistic.
Other topics to be covered include the agricultural area, stabilization of the capital market, adjustment of real estate pricing, medical care reform, establishment of social security, safety of grains, safety of food, education reform. Among these topics, most attention will pour into the discussion of how to improve the agricultural area, how to stimulate consumer’s demand, how to develop the economy in towns and counties, how to reduce emission and energy consumption and protect environment, how to help the growth of SMEs, and how to improve people’s life quality.
We expect to see more details regarding the universal health care program to be launched in 2011. We will find out the agenda of the launch of an exchange for growth companies in China, similar to Nasdaq or AIM.
The meetings may give more confidence to the rest of the world in China's recovery from recession by providing more details of the programs aiming at stimulating the growth of the economy.
