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State Council meeting discusses Q4 economic work
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08:36, October 25, 2007

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A State Council executive meeting presided over by Premier Wen Jiabao on Wednesday discussed and arranged economic and social development work for the fourth quarter of this year.

"Since the beginning of this year, all regions and all departments have made tangible progress in strengthening and improving macro-control, pushing forward scientific development and promoting social harmony, yet the full-year task remains stiff," Wen told the meeting.

The meeting called for continuous control on excessive fixed-assets investment, especially in industries with high energy consumption and pollutant discharges and those with excessive capacity, along with tightened supervision on credit granting by commercial banks.

We should continue to limit exports of products that consume too much energy, the meeting said.

Meanwhile, the meeting demanded closer monitoring of markets to ensure sustained supply and good quality of products and prevent the consumer prices from growing too quickly.

The government will make efforts to check the fast-rising housing prices and provide more affordable housing for low-income families.

The meeting also touched upon other issues of public concern, such as financial reform, work safety and clean government.

Source: Xinhua



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