MNI China Press Digest Dec 22: Stabilize Economy, Germany, GDP

The following lists highlights from Chinese press reports on Wednesday:

• China must actively increase effective investments and implement supports for industries to keep a stable economy and counter slowing demand, Xinhua News Agency reported citing Vice Chairman Ning Jizhe of the National Development and Reform Commission. China will continue with proactive fiscal measures coupled with monetary policies to effectively carry out investments as well as unveil new strategies boosting internal demand, said Ning. China will stabilize consumer prices by ensuring supplies of food and energy, and it will promote the sales of new-energy vehicles, green appliances as well as service consumption, said Ning.
• Germany may not follow Lithuania and the telephone conversation between the two leaders on Tuesday will “help the German government take a cautious, objective and calm stance on the issue of the Winter Olympic Games,” the Global Times reported citing Sun Keqin, a researcher at the government-run China Institutes of Contemporary International Relations. President Xi Jinping spoke with Germany’s new Chancellor Olaf Scholz on Tuesday, in which the two leaders pledged to inherit and advance China-Germany friendship and cooperation. Germany would like to take the 50th anniversary of diplomatic ties next year as an opportunity to hold talks and it hopes the EU-China Investment Agreement will be implemented at an early date, Scholz was cited as saying.
• China is revising its accounting method of the country's gross domestic product (GDP) to better reflect the conditions of the national economy and proportional relationships, the Securities Times said citing a release by the National Bureau of Statistics on Tuesday. The bureau's plan is in line with China's development goals under the 14th Five-Year Plan.