The Chinese government has decided to continue enhancing
macro-economic readjustment and control efforts so as to ward off
threatening inflation and ensure a stable economy.
At a State Council executive meeting presided over by Premier
Wen Jiabao Friday, the government called for effective measures in
macro-economic control, especially in economic performance control,
as an effort to ensure steady and fast national economic
growth.
According to the meeting, China has generally maintained a good
momentum in economic development and various society sectors have
developed in a comprehensive way.
It said China has witnessed soaring foreign trade and remarkable
increase of revenue, together with rising enthusiasm among farmer
and stable income increase among both urban and rural
residents.
The meeting claimed that all agricultural support measures have
been gradually implemented across the country, believing a good
direction for agricultural development could be ensured in the
end.
But the meeting also warned that there remain some serious
problems during economic performance that deserves more attention,
such as overgrowth of investment, too many new construction
projects, blind or overlapped construction efforts.
The overheating problems in some sectors have imposed pressure
on coal, power, oil and transport supplies and resultingly brought
about rises in prices for raw materials and other necessities,
according to the meeting.
(Xinhua News Agency April 12, 2004)