Persistent Efforts to be Made for Economic Development: Top Legislator

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Last updated at: (Beijing Time) Tuesday, July 16, 2002

Persistent Efforts to be Made for Economic Development: Top Legislator

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Top legislator Li Peng said the domestic GDP is increasing at a faster pace than expected, adding that the economic growth of 7 percent can be reached through efforts. He called for more efforts to be made for developing economy in the second half year and fulfill the goals of economic and social development.

The 104th conference of the Standing Committee of 9th National People's Congress was held on July 15, at which Li Peng made remarks and listened to the reports about the economic situation in the first half year from Zeng Peiyan, Supervisor from the State Planning Commission, Li Rongrong, Supervisor from the State Economic and Trade Commission, Jin Liqun, Vice Minister from the Ministry of Finance, Dai Xianglong, President of the People's Bank of China and so on.

Li Peng pointed out, great attention must be paid to problems we are faceed with while achievements are being made. The problems include that the level of market price keeps decreasing; the growth rate of the financial revenue drops; burdens of employment and re-employment are heavier, etc.

Regarding the problems, Li Peng said it needs to adhere to the strategy of enlarging domestic demands and to launch an active and stable financial policy and currency policy as well. Meanwhile, it also needs to increase a bit currency supply, invest more in agriculture, technology reform, increase loans to medium and small enterprises and develop the service of credit and small amount of loans in urban and rural areas.

In regard to the employment and re-employment, Li Peng urged to create more employment opportunities with the preferential polices carried out for laid-off workers.

He noted greater efforts should be made on preventing natural calamities and guaranteeing production safety to maintain the social stability. He stressed the importance of flood prevention and rescue work in rainy season.

Li Peng concluded the economic development task in the second half year is hard. We should study and fulfill the important "5.31" remarks by President Jiang Zemin and make persistent efforts to embrace the opening of the 16th Party Congress.

By PD Online Staff Yang Ruoqian

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