China will continue its prudent fiscal and monetary policies as well as maintain the continuity and stability of its macro-economic policy, said Hu Jintao, general secretary of the Communist Party of China (CPC) Central Committee, on Tuesday in Beijing.

Hu made the remarks at a seminar held by the CPC Central Committee. Some renowned economists and scholars who are not CPC members put forward advice on the current economic situation and work.

At the end of 2004, the Chinese government declared that it would exercise prudent fiscal and monetary policies in 2005, putting an end to the proactive fiscal policy that has been practiced in China for seven years.

The concept of scientific development should be firmly implemented, and the focus of future economic work should be put on adjustment of the economic structure, the change of the economic growth mode, reform deepening and promotion of balanced development, Hu said at the seminar.

The economic work in the latter half of this year is of great importance, because it relates to not only the goal of economic and social development for the whole year, but also the beginning of the 11th Five-Year (2006-2010) Plan period, Hu said.

China will enhance and improve various macro-control measures, making modest adjustments on some of them so as to push forward the economy in an expected direction, he said, putting priority onrural production and encouraging technical innovation.

Hu called for more effort to build a resources-efficient society, saying reforms on state-owned enterprises, taxation, finance, pricing and administrative systems should be boosted.

China's export structure should be optimized, he said, calling for good solutions to unemployment, poverty and the industrial security issue.

Source: Xinhua