Economy better under macro economic control

China's economic performance has improved since the government's implementation of a macro economic control policy to cool overheating sectors.

Xu Hongyuan, a senior official from China's National Information Center made the comment on a Monday at a forum in Shanghai.

He said the policy has pushed China's grain production this year to 465 billion kilograms and boosted farmer's income from previous years.

In addition, the investment growth rate dropped from about 49 percent early in the year to 26 percent at the end of October.

Xu added that China had a substantial trade deficit in the first four months of the year due to sharp imports of crude oil, iron ore, and copper, which has now returned to a surplus.

However, the official warned that uncertainties remain in economic development and the government's macro-control policy will continue until all uncertainties are removed.

Source: CRIENGLISH.com