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Home >> Business
UPDATED: 21:12, May 17, 2004
Vice-Premier stresses macro-control of economy
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Chinese Vice-Premier Zeng Peiyan underscored the implementation of various policies concerning macro-control of the national economy during a recent visit to Shanghai and Tianjin municipalities and Jiangsu Province.

Local governments should do well in checking up on fixed asset investment projects and should enhance regulations over real estate markets, he said.

The Central Committee of the Communist Party of China and the State Council since last year have taken a series of measures to encourage farmers to plant grains, strictly control over-investment in some industries, enhance management over real estate and land markets and adjust currency and credit policies, he said.

Facts prove that these policies have been effective, he said.

Since China's current economic development is in a crucial stage, the enhancement of macro-control of the national economy isa very important and urgent task, he said.

Zeng called for further check-up work on fixed asset investment projects, consolidation of real estate and land market management as well as guarantee of important raw material supplies and encouragement of grain production.

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