Premier Wen
Jiabao said on Wednesday that China will focus on pushing
forward economic, social and institutional reforms for sustainable
economic development and the improved well-being of the general
public.
Addressing the executive meeting of the State Council, the
premier said China will continue to restructure its economy and
further transform its mode of economic growth to improve
efficiency.
More recently, China has taken steps to improve its irrational
and inefficient economic structure by curbing excessive investment
in sectors and fields that are energy-intensive,
resources-intensive, highly polluting and inefficient.
The premier said structural reform, followed by an
implementation of the scientific concept of development, is needed
to solve the problems.
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Wen said China will continue its efforts to promote the
transformation of governmental functions to reduce governmental
intervention in matters that should be dealt with by enterprises,
intermediate organizations and the market.
The related department of the State Council will pay more
attention to macroeconomic management so that enterprises will play
a key role in investment, while the central government will
exercise necessary guidance, control and supervision of investment
in general to prevent "blind" investment and duplicated
construction, the premier said.
Wen added that China will continue to carry out major economic
reforms to safeguard the fundamental interests of the general
public. Areas targeted for reform include employment, social
security, education, medical services, poverty reduction,
environmental protection, and workplace safety.
He said China will also "open its door wider" to the outside
world by improving its foreign economic management system and
handling of affairs in relation to its entry to the World Trade
Organization.
China will properly deal with trade disputes, improve its
foreign trade structure and its investment environment, and upgrade
its utilization of overseas capital.
Participants at the meeting held that the economic and social
situation in China is generally good and the economy is moving in
the direction envisaged by the central government in regulating the
economy.
China has made breakthroughs in some key areas, including rural
tax reform, financial, investment and logistic reforms, the
participants said.???
(Xinhua News Agency August 25, 2005)