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Chinese leaders urge all-out efforts for quake relief, development, Olympics (3) |
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09:08, June 14, 2008 |
Despite the various challenges, China still strives to comprehensively fulfill the various economic and social development tasks through continuing to strengthen and improve macro controls, pushing forward economic restructuring and shift of development mode, and increasing support to structure adjustment, ensuring people's livelihood, and post-quake reconstruction, according to the meeting.
"Development is the foremost task of the Party in governing the country, as shown by experience," said the meeting.
It said the economy has enjoyed fast and steady growth since the beginning of the year.
"The massive quake disaster and unfavorable global economic elements have not changed the fundamentals of the national economy, which is still heading in the desired direction of the country's macro controls."
However, it acknowledged that economic and social development is challenged by a complicated situation, with more uncertainties brewing.
It urged the introduction of more foresight, relevance and flexibility into macro controls. "Macro control measures need to be carried out with proper emphasis, rhythm and vigor."
Prudent fiscal policy should play a bigger role in structure adjustment, providing guarantee to people's livelihood and post-quake reconstruction, the meeting said.
It requires employing both economic levers, which would serve as the major tool, and legal and necessary administrative measures to cap prices that are rising too fast.
The meeting urged increasing production and improving reserves of daily necessities like grain, edible oils and meat, and other commodities in short supply.
It also asked for intensified supervision over prices and market order.
It urged ensuring grain supplies and providing more preferential policies and more investment in agriculture.
The meeting vowed to advance economic restructuring with measures such as speeding up the industrial structure upgrading, promoting energy-saving campaigns, optimizing investment structure, and stabilizing and improving foreign trade policy.
It said the country would strengthen financial supervision to ward off financial risks. It would promote the healthy development of the capital market and maintain a stable real estate market.
The country would continue with its reforms in key sectors and would deepen its opening up policy, the meeting said.
It also urged cutting running costs of administrative organs and diverting more resources to post-quake reconstruction, addressing people's difficulties and national economic and social development.
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