BEIJING Ecco Sandales Homme Pas Cher , Dec. 12 (Xinhua) -- A three-dimensional policy focusing on the macro economy, micro economy and social security has led to steady growth of the Chinese economy in 2013 amid uncertain post-crisis recovery worldwide.
China's macroeconomic data released this week show the country is on track to meet the government's economic growth target for this year.
The Asian Development Bank on Wednesday elevated its forecast of China's economic growth this year to 7.7 percent from 7.6 percent.
Looking back, the Chinese economy endured a protracted slowdown in the first half of 2013, with negative growth in fiscal revenues, a shortage of money in the financial system and a decline in exports.
Facing challenges, the new Chinese leadership made a sober assessment of the situation and adopted a strategy that benefits not only today but also the future.
"Macro policy should be stable, micro policy should be flexible and social policy should support the bottom line. All of them should be coordinated Ecco Sandales Pas Cher ," according to a statement released after a meeting of the Political Bureau of the Communist Party of China Central Committee on July 30.
The direction, intensity and pace of macro regulation should be managed well. The proactive fiscal policy and prudent monetary policy would remain, it said.
Facing a prolonged economic weakening, the central authorities adopted a different approach by not launching a one-off fiscal and monetary stimulus package, but rather introducing a set of market-oriented reforms to boost the intrinsic vigor of the economy.
Figures show that, as a result, the Chinese economy picked up in the second half of the year.
The National Bureau of Statistics (NBS) said Tuesday China's economic growth accelerated to 7.8 percent in the third quarter ECCO Homme Yucatan Sandales Wild Dove Titanium Noir , above the government's full-year target of 7.5 percent an up from 7.5 percent in the second quarter and 7.7 percent in the first.
In the first 11 months, the consumer price index (CPI), a main gauge of inflation, rose 2.6 percent year on year, comfortably below the government target for the year of 3.5 percent, it added.
China's factory growth held firm at an 18-month high, with the Purchasing Managers' Index (PMI) standing at 51.4 in November ECCO Homme Yucatan Sandales Espresso Cocoa Marron Noir , unchanged from October and ahead of market expectations for a reading of 51.1, the NBS said.
Meanwhile, micro economic policies aimed at promoting reform and innovation, stimulating