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China's political advisors offer suggestions on coping with downturn
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08:19, June 18, 2009

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China's political advisors brainstormed Wednesday on the country's economic development and offered suggestions about coping with the impact of the global downturn.

They gave their advice as the standing committee of the 11th Chinese People's Political Consultative Conference (CPPCC) National Committee continued its sixth meeting, which started Tuesday.

Li Yining, a renowned economist and one of the members of the standing committee, said restructuring and innovation were pivotal for an economic recovery. Once the problems of fair play and difficulty in financing were solved for private companies, their potential for innovation would emerge.

Other proposals ranged from fostering new growth poles to solving social disputes.

Jia Qinglin, chairman of the National Committee of the CPPCC, was present at the meeting.

He said Tuesday that maintaining steady, relatively fast economic development and safeguarding social stability and harmony were the foremost tasks facing China, and he asked the participants to focus their discussions on these themes and make valuable suggestions.

Source: Xinhua

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