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Strategies & Market Trends : Greater China Stocks

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From: Julius Wong	12/15/2011 8:08:41 AM
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Leaders in Beijing Pledge to Ramp Up Spending By AARON BACK BEIJING—Chinese leaders pledged to step up spending to maintain growth and social stability amid rising global risks. The statement on Wednesday comes as Chinese authorities have shifted their focus away from controlling inflation—their top priority over the past year—and toward insulating China from Europe's economic troubles, which have already hurt Chinese export growth. China will focus on expanding domestic demand to counter a slowing global economy, the government said in a statement released after a meeting of the central economic work conference, an annual gathering of top policy makers and political leaders during which economic policy is planned for the coming year. online.wsj.com

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