China has no letup in macro-control efforts
(Xinhua)
Updated: 2005-03-14 16:11

Premier Wen Jiabao said in Beijing Monday that China would have no letup in its efforts of macro economic control, which has contributed to the country's steady and rapid economic growth and stabilization of market prices over the past year.

"The top priority for the government is to further strengthen and improve macro-regulative policy and measures in order to maintain a steady and fairly rapid economic growth," said Wen at a press conference held on the sidelines of the annual full session of the top Chinese legislature, which just concluded in Beijing Monday morning.

"We must not stop and we must not waste our previous efforts," Wen stressed.

Citing problems such as greater difficulties in raising grain output and farmers' income and a serious strain of energy supply and transportation capacity, Wen conceded that China is now faced with "many dilemmas" in its "overstretched" economy.

He pointed out that these problems were actually problems with the economic growth mode and institutional problems, and therefore would "take time to be addressed".

He also promised that his government would "give different treatment to different situations" in its macro-control efforts, adding that "we must take both administrative and economic means to achieve macro-regulative objectives".

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