Sun, July 04, 2010
Business > Economy

China's economic policy faces mounting difficulties: Premier Wen

2010-07-04 09:47:10 GMT2010-07-04 17:47:10 (Beijing Time)  Xinhua English

Chinese Premier Wen Jiabao smiles while showing a cartoon presented by a worker in Talkweb Information System Co., Ltd. in Changsha, capital of central China's Hunan Province, on July 2, 2010. Wen Jiabao made an inspection tour to Changsha recently. (Xinhua/Yao Dawei)

Chinese Premier Wen Jiabao (R) talks with a worker in Hunan Sunward Intelligent Machinery Co., Ltd. in Changsha, capital of central China's Hunan Province, on July 2, 2010. Wen Jiabao made an inspection tour to Changsha recently. (Xinhua/Yao Dawei)

CHANGSHA, July 4 (Xinhua) -- Chinese Premier Wen Jiabao has warned that China's macro economic control policy is facing mounting difficulties with the severity of the international financial crisis and the unpredictable nature of the global economic recovery.

"China's current economy remains good, but the domestic and international environment is extremely complicated," Wen said while addressing a symposium held Saturday in Changsha, capital of central China's Hunan Province.

The symposium, which was presided over by Premier Wen, was thrown to feature economic situation in three provinces of Hubei, Hunan and Guangdong.

At the symposium, Wen reiterated the government's stance in maintaining the continuity and stability of macro economic policies, and making these macro policies more flexible and targeted.

Wen said the government would "work to promote stable and relatively fast domestic economic growth, restructure the economy and manage inflation expectations to ensure the government's goals for 2010 are met."

The government would endeavor to resolve long-term structural problems while targeting urgent issues, Wen said.

Before the symposium, Wen also inspected flood prevention and control efforts in parts of Hunan Thursday, and moved on to Changsha, the provincial capital, to visit a number of other venues including companies ranging from machinery, outsourcing to animation companies Friday.

While inspecting the companies, Wen enquired about their business, employment and social security, and encouraged them to step up innovation.

"An internationally competitive enterprise needs products of the best quality, world-leading patent technologies and generations of excellent staff," Wen said when talking with employees in Sany Group, a Changsha-based leading Chinese engineering machinery manufacturer.

Wen talked with employers and job hunters at a job market in Changsha. He told a female university student named Yan Youping that the priority for university students was to study hard and grasp skills at school, and students should be clear about personnel demands and be prepared.

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