As per media reports the Chinese leadership is preparing for a key economic meeting next month. The Central Economic Work Conference is held every December to decide China's basic economic policies for the coming year.

The focus of the upcoming conference is on whether the nation will cut its economic growth target for next year to 7%, from 7.5% this year.
 
The person holding the key to this question is Mr Liu He, the 62 year old director of the Office of the Central Leading Group on Financial and Economic Affairs. The group is the Chinese Communist Party's top decision making body on economic affairs.
 
Year on year growth in China's real gross domestic product slowed to 7.3% in the July to September quarter, the lowest growth rate in five and a half years. But the Chinese leadership appears totally unfazed. According to a Communist Party source, Mr Liu insists that there is no need for a massive economic stimulus package