BIZCHINA / Top Biz News
State Council lists top priorities
(Xinhua)
Updated: 2006-06-15 09:53
An executive meeting of the State Council, China's cabinet, on Wednesday
discussed the country's current economic development and outlined its top
priorities.
The meeting was chaired by Chinese Premier Wen Jiabao. A report from the
meeting said the overall economic situation is "good" and the nation's
economy continues to grow "fast yet steadily".
It pointed out, however, that fast growth in fixed asset investment,
overextended loans, shortages of energy resources and pollution are still
the main problems facing the country.
It urged all regions and departments to carry out the economic blueprint
of the Communist Party of China Central Committee made earlier this year
and step up the adjustment of the economic structure, change growth
patterns and further deepen reforms.
"Continuous efforts should be focused on agriculture and rural work to
ensure the steady increase of grain production and the incomes of
farmers," said a report from the meeting.
"The fast growth in the fixed asset investment should be firmly curbed,"
it emphasized.
The meeting urged all departments concerned to "strictly" control the
approval of new construction projects, to reduce available land supplies
and cut back bank lending.
More measures should be taken to improve housing supplies and stabilize
housing prices, it noted.
Meanwhile, the report said the fast pace in issuing loans should slow
down, adding, however, more support should be given to agriculture and
small and medium-sized enterprises in terms of extending loans.
The report noted that tough laws will be imposed on heavy polluting
sectors.
The meeting also called for balanced development in the country's foreign
trade, further strengthening control on the export of high energy
consumption products and resources-extensive products, and products from
high-polluting industries.
It promised to continue improving its work and try hard to solve problems
related to the interests of the people.
(For more biz stories, please visit Industry Updates)
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