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| China to further expand domestic demands: Premier （1） |
| CCTV.COM 2003-03-05 10:03:14 |
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Chinese Premier Zhu Rongji called for continuing to expand domestic demand and achieve a steady and rapid economic growth this year, when he delivered the Report on the Work of the Government at the opening of the First Session of the 10th National People's Congress Wednesday.
Maintaining the good momentum of economic growth is the basis for success in all fields of our work, the report says, adding, "Based on our overall analysis of the situation at home and abroad, we set the target for 2003 economic growth at around 7 percent. This growth rate is both necessary and achievable through hard work."
"It is imperative that we pay adequate attention to raising the quality and efficiency of economic growth by readjusting and optimizing the economic structure. We should adhere to the policy of expanding domestic demand, continue to implement the proactive fiscal policy and prudent monetary policy, and ensure a double－pull effect on economic growth from both consumption demand and investment demand," the report says.
First of all, the government should strive to expand consumption demand. Given the current situation, this is more important than greater investment demand. We should continue to increase the income of urban and rural residents, especially those with low income, and work hard to raise the living standards of the population. "We should do everything possible to increase farmers' income and lighten their burden," the report says.
The government should effectively solve the problems the needy face in work and livelihood. The original plan to raise the salaries of government employees as well as retirees' pensions in the second half of last year was postponed in order to first solve the problems of the urban poor and to harmonize relationships among the interests of all quarters. This measure, however, will take effect this year. The government should continue to improve the consumption climate by improving relevant policies and expanding areas of consumer spending, according to the report.
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Editor: Han Ling Source:Xinhua
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