Chinese Premier Wen Jiabao (C) presides over a State Council executive meeting in Beijing, capital of China, Oct 29, 2011. China will make proper fine tuning on its macro policy, keeping it "more targeted, flexible and forward-looking," and continue measures to control consumer prices, China's State Council, or Cabinet, said Saturday.[Photo/Xinhua]

Also, the government will unswervingly continue its property market tightening measures for the rest of this year, said the State Council, urging local governments to strictly carry out the existing policies.

Local governments should increase land supplies for ordinary residential units and boost construction of affordable housing to offer more effective home supplies to the public, it said.

In September, 59 cities out of the statistical pool of 70 major cities saw new home prices increase more slowly from a year earlier, compared with 40 cities in August, according to the National Bureau of Statistics.

The government should provide active support to small and micro-sized enterprises which are scientifically innovative and can help employment, according to the statement.

Local governments should allow more sectors to be open to private investment to attract more private enterprises to invest in industries, it said.

Meanwhile, the government will maintain reasonable growth in bank lending and boost structural tax reductions, and more efforts will be made on improving people's livelihoods.

The State Council also stressed agricultural production, exports development, energy saving and emissions reduction, as well as workplace safety.

China's GDP expanded by 9.1 percent year-on-year in the third quarter of the year, the slowest pace since the third quarter of 2009, down from 9.5 percent in the second quarter of the year and 9.7 percent in the first quarter.