Special to WorldTribune.com

By Willy Lam, East-Asia-Intel.com

Things are not looking favorable for the world’s second-largest economy as the Chinese Communist Party (CCP) leadership takes steps to ensure enough economic growth in 2012 to head off massive social unrest.

The Central Economic Work Meeting (CEWM), which concluded in Beijing on Dec. 14, confirmed earlier speculation that the leadership was reversing the tight-money policy of the past two years in the interest of “guaranteeing steady growth.”

A severe-looking President Hu Jintao announced at the meeting that his administration anticipated “an extremely grim and complicated” global economic situation, which could deal a big blow to Chinese exports.

Since the global financial crisis erupted in late 2008, Beijing has mainly relied on government injections into infrastructure projects — and a highly inflationary real-estate market — to maintain a 9 percent growth rate.

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  Beijing braces for mass unrest as Hu warns economy faces ‘grim outlook’ in 2012