English home Forum Photo Gallery Features Newsletter Archive   About US Help Site Map
- Newsletter
- Online Community
- China Biz Info
- News Archive
- Feedback
- Voices of Readers
- Weather Forecast
 RSS Feeds
- China 
- Business 
- World 
- Sci-Edu 
- Culture/Life 
- Sports 
- Photos 
- Most Popular 
- FM Briefings 
 About China
- China at a glance
- China in brief 2004
- Chinese history
- Constitution
- Laws & regulations
- CPC & state organs
- Ethnic minorities
- Selected Works of Deng Xiaoping

Home >> Business
UPDATED: 08:20, April 20, 2007
Chinese premier pinpoints key economic challenges
font size    

Chinese Premier Wen Jiabao said on Thursday China's economy had developed satisfactorily in the first quarter of this year but "some key problems still remain".

In the first quarter, China's economy grew steadily and fast, farm production was stable, industrial restructuring made new progress and both the employment rate and people's incomes rose markedly, said Wen.

But "China found it difficult to raise grain output and farmers' incomes, the challenge of reducing energy consumptions and greenhouse gas emissions proved arduous, money and credit grew excessively, and fixed assets investment and the trade surplus continued to increase", said Wen.

To prevent the economy from overheating, the Chinese government should promptly take economic and legal measures and strengthen macro control.

Subsidies should be provided to farmers to help them with grain production and the subsidies for purchasing production materials such as fertilizer and machine tools should be allocated and the country's minimum purchasing prices for grain must not be lower than last year, said Wen.

China should curb the fast growth in products that consume too much energy and lose no time in eliminating outdated production methods.

To prevent fixed assets investment from rebounding, stricter market access and environmental standards should be set for new construction projects and land use should continue to be tightened.

Facing excess liquidity, China should curb the excessive supply of money and credit, strengthen supervision of cross-border flows of short-term capital and improve foreign currency management.

Wen also said China should clear up policies that give exports inappropriate preferences and expand its imports of advanced technology and equipment.

Source: Xinhua

Comments on the story Comment on the story Recommend to friends Tell a friend Print friendly Version Print friendly format Save to disk Save this

- Text Version
- RSS Feeds
- China Forum
- Newsletter
- People's Comment
- Most Popular
 Related News
- China's GDP grows 11.1 percent in first quarter


Copyright by People's Daily Online, all rights reserved