Chinese officials confident of weathering economic challenges
8/9/2008 17:43
The Chinese government is prepared for challenges to sustainable economic
growth during the global economic slowdown, said senior government officials at
an international investment fair in southeast China today.
"The comprehensive
situation in China is fine," said Vice Premier Wang Qishan in a keynote speech
at the fair. "We are confident and ready to overcome difficulties and challenges
to ensure a steady economic performance and contain the fast-rising consumer
price index."
The 12th China International Fair for Investment and Trade
(CIFIT), which opened today in Xiamen, capital of Fujian Province, is known as
the world's largest international investment promotion event, and is sponsored
by the Ministry of Commerce and organized by Fujian provincial government and
Xiamen municipal government.
"China's economy has weathered serious trials
since the beginning of this year, including south China's severe winter weather
and the May 12 earthquake in Sichuan Province," said Wang.
He said the
unfavorable global environment had disrupted the international financial
market.
"The Chinese government has taken up a series of macro-control
measures to cope with the complicated situation," Wang told 445 delegations from
104 countries and regions.
He said China's gross domestic product (GDP)
surged by 10.4 percent in the first half, when the country saw rising domestic
consumption, investment and exports.
Minister of Commerce Chen Deming said in
the morning session that the departure of the Olympic Games would not hamper
China's economic growth, which was driven by robust domestic consumption and
steadily growing foreign trade.
"Beijing's Olympics investment accounted for
less than 1 percent of the country's annual total fixed-asset investment for the
past seven years," he said.
Xinhua
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