Abandoning GDP fixation

The economic work conference transmitted a significant and unambiguous message that focus will be real economy

Many market observers have said the just-concluded Central Economic Work Conference of the Chinese government placed particular importance on "sound" or "steady" macroeconomic, fiscal and monetary policies in the year ahead.

However, to my mind, the annual top economic conference also transmitted an unambiguous message to the outside world that the country is poised to make some significant economic policy changes.