China vows to ensure stable, healthy economic development next year (3)
Write:
Ramesh [2011-05-20]
The uncertainties for Chinese economy include: the grain harvest and farmers' income; increased pressure to adjust the economic structure; resource and environment bottlenecks; the challenging task of improving people's livelihood and guaranteeing social stability.
The statement urged local authorities to be rational when making development targets, avoid blind pursuit of high growth rates and focus more on improving the quality and efficiency of growth as well as boosting employment and improving the public's standards of living.
At the meeting, it was agreed to make more efforts to boost consumer spending, check industries with excess capacity, upgrade the traditional manufacturing sector and strengthen the service industry.
"Earnest efforts should be made to develop the emerging strategic industries and to strengthen energy-saving and emission-reduction efforts," the statement said.
"China will further improve the Renminbi's exchange rate formation mechanism and keep the yuan basically stable and at a reasonable and balanced level," it said.
In 2011, the start of China's 12th Five-year Program (2011-2015), China will make concrete efforts to improve people's living standards, it said. The efforts will go to promoting improvements in education, cultural undertakings, health-care system reform, boosting employment, accelerating the construction of affordable housing and building a social security system that will cover both urban and rural residents.
The statement also said the country will maintain its mutually-beneficial opening-up strategy. "The country will continue to lay equal stress on imports and exports, as well as the attraction of foreign investment and making investments abroad."
It was decided at the meeting that the country will increase imports next year and make imports play an important role in the country's drive to rebalance the national economy, according to the statement.
The statement also said it is imperative to study and formulate a guideline on income distribution reform as an effort to prevent the further widening of the wealth gap.
The People's Daily, the flagship newspaper of the Communist Party of China, said in an editorial to be published on Monday, that the meeting was very meaningful for assuring a good start of the 12th Five-year Program.
The article called for national efforts to promote long-term stable and relatively fast economic development and social stability.
Chinese Premier Wen Jiabao delivers a speech at the annual Central Economic Work Conference in Beijing, capital of China. (Xinhua/Huang Jingwen)
Source:Xinhua
1 2 3