Premier Wen Jiabao has said China should strike a balance between stable,
comparatively fast economic growth and inflation control in macroeconomic
management.
Wen made the remarks during three symposiums held earlier this months by the
State Council on the country's economic situation, which were presided over by
Wen and attended by provincial leaders and economic experts, covering topics on
finance, real estate, job creation and inflation control.
Wen said the country should make efforts to secure a steady and comparatively
fast economic growth, and the task was set not only for this year but also for
next few years.
The country should also improve economic structures, give a full play to both
domestic and foreign markets and do a good job in carrying out reform and
opening up.
Wen added that effective solutions should be given to tackle key problems in
different regions and the country should stick to enhancing development through
reforms.
Economic scholars agreed that the government's recent macroeconomic controls
were effective and the country's economy was developing in the expected
direction.
They also suggested that the country formulate sounder policies in keeping a
stable and relatively quick economic growth, controlling inflation and creating
more jobs.
Local leaders from Guangdong, Shandong, Anhui, Liaoning, Shaanxi, Hubei
provinces and Guangxi Zhuang Autonomous Region said in the first half, local
economies were on the fast growth track, tax revenues kept on growing and
people's livelihood had been further improved.
However, they said there was still big pressure coming from inflation, short
supplies of coal, electricity and oil and challenges on export.
Wen said the government would put maintaining steady and fast economic
development and stabilizing basic prices at the top of its agenda for
macroeconomic control in the second half of this year.
He called on leaders at all levels nationwide to closely track international
economic situation and changes, to study new problems and enhance the
farsightedness, flexibility and effectiveness of macroeconomic controls.
Figures showed the country's gross domestic product (GDP) grew 10.4 percent
in the first half over the same period last year. The country's consumer price
index (CPI), the main gauge of inflation, rose 7.9 percent in the first half.
The People's Bank of China (PBOC), the central bank, said in a web
announcement on Sunday that it would take securing a steady and fast economic
development and easing inflation as its key task in the second half of this
year.
The PBOC said it would give further supports to the farming sector, quake
reconstructions, local economy development and small enterprises.