Chinese premier seeks non-Communist party advice on financial work

Chinese Premier Wen Jiabao has stressed the central government's priority of setting effective macroeconomic control measures and maintaining a fast, yet stable economic growth.

Wen made the remarks at a meeting to solicit suggestions on financial reforms from the leaders of the eight non-Communist parties, the All-China Federation of Industry and Commerce, and non-party experts.

He said the government should work out more effective monetary and financial policies to regulate the size and structure of bank loans and other major factors that affect China's economic growth.

He also called for more effort to improve financial services, strengthen supervision of financial institutions, and ward off potential financial risks.

At the meeting, the non-Communist party officials and experts said China had make remarkable progress in its reforms of the financial sector.

They also advised on deepening the reforms of the state-owned banks, developing the capital market, and improving the management of foreign exchange reserves.

The eight non-Communist parties are: China Revolutionary Committee of the Kuomintang, the China Democratic League, the China Democratic National Construction Association, the China Association for the Promotion of Democracy, the Chinese Peasants and Workers' Democratic Party, China Zhi Gong Dang, the Jiusan Society, and the Taiwan Democratic Self-Government League.