NEWS > Mainland
Premier Wen sets out major economic, social, institutional reforms
2005-08-24 07:40:20 XinhuaEnglish

BEIJING, Aug. 24(Xinhuanet)-- Chinese Premier Wen Jiabao said Wednesday China will focus its efforts to push 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.

China has recently been striving to improve its irrational and inefficient economic structure by curbing the excessive investmentin sectors and fields that are energy-intensive, resources-intensive, highly polluting and inefficient.

The premier said structural reform is needed to solve the problems and implement the scientific concept of development.

He said China will continue its efforts to promote the transformation of governmental functions so that the government will not intervene 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 said China will continue to carry out major economic reforms to safeguard the fundamental interests of the general public, involving employment, social security, education, medical services, poverty reduction, environmental protection, and workshop safety.

He said China will also continue its reform to open its door wider to the outside world by improving its foreign economic management system and properly handling various affairs in the post-transitional period of China's entry into 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, said the participants. Enditem

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