Zhang Ping (张平), Director of the National Development and Reform Commission (NDRC)

"Next year [2012] will still continue to implement proactive fiscal policy and prudent monetary policy, the focus will be on strengthening our support for protecting and improving the livelihood of the people and also for the restructuring of the economic model, we also need to pay close attention to preventing and resolving any potential risks in the fiscal or financial areas and to promote relatively quick yet steady development of the economy"

- Zhang Ping at the National Development and Reform Work Conference for 2012 held on December 16, 2011.

Key phrases: expanding domestic demand, stabilizing prices

Core concerns: External inflationary pressures and domestic uncertainties will remain. The economy will face a big test as the four trillion yuan investment stimulus is phased out, along with the policy of subsidizing the purchase of home appliances for rural Chinese. The central government has stated its objective as to "make progress while maintaining stability," by which it has in mind economic growth and reform alongside economic and social stability.

Original article: [Chinese]