2010 marks the last year of China's 11th Five-Year Plan (2006-2010), and the central government has implemented plenty of measures trying to curb inflation, property price surge as well as diesel shortage during the year. To some extent, 2010 also set the tone for the country's next five-year plan, including monetary policies, industry investments, and high-technology development.
Following are the 10 most influential business policies of the year that may affect your business in China and even your daily life.
1. Six RRR hikes
A man walks in front of the headquarters of China's central bank, the People's Bank of China, in Beijing, Oct 20. [Photo/Asianewsphoto]
On Dec 10, the central bank announced the third hike of banks' RRR in a month to curb inflation, which had accelerated during the past two months. Before that, Chinese mainland stock markets traded lower for a week as investors speculated about an interest rate increase.
Analysts said raising the RRR in preference to interest rates indicated government caution over concerns that a tightening monetary policy could hamper economic growth.1 2 3 4 5 Next