China's Top Planner Keeps Alert on Conflicts, Problems

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Last updated at: (Beijing Time) Thursday, March 06, 2003

China's Top Planner Keeps Alert on Conflicts, Problems

"We are also aware that there are still many conflicts and problems in our economic and social activities and that some of these are very serious," said China's top economic planner.

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"We are also aware that there are still many conflicts and problems in our economic and social activities and that some of these are very serious," said China's top economic planner.

Zeng Peiyan, minister in charge of the State Development Planning Commission, told the first session of the 10th National People's Congress Thursday.

The problem of weak effective demand is coupled with an irrational supply structure. Because the main factors affecting rural incomes have yet to be eliminated, rural income growth has been slow, the minister stressed.

Some urban residents have very low incomes and are confronted with many difficulties in their lives. All this hinders the expansion of the consumer market. The investment potential of the collective and private sectors and of individually run businesses has yet to be fully tapped, he said.

Employment and reemployment prospects remain grim. A large number of urban residents need to find a job or get reemployed, and there is a huge surplus of rural labor that needs to be diverted to work in urban areas. This makes it very difficult to create enough new job opportunities to keep up with the demand for employment, according to the minister.

The reform of state-owned enterprises is a monumental task, with deep-seated problems still not totally solved. "We still have a lot to do to make development through fair competition possible for businesses under different forms of ownership," he said.

The order of the market economy remains fairly chaotic. "We still have a long way to go to establish a social credibility system," he said, adding that major industrial accidents occur frequently. The State Council is paying close attention to these problems and working hard to adopt measures to solve them, he stressed.

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