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Wen Jiabao: Stabilizing The General Price Level Is The Primary Task Of Macroeconomic Regulation And Control.

2011/7/13 10:07:00 25

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Wen Jiabao, premier of the State Council, held four Symposium on economic situation, and listened to the opinions and suggestions of heads of some provincial governments, heads of enterprises and economic experts.

Wen Jiabao stressed that we should continue to stabilize the overall price level.

Macro-control

The primary task is to adhere to the basic orientation of macroeconomic regulation and control, at the same time, according to the changes in the situation, improve the pertinence, flexibility and foresight of the policy, and effectively grasp the strength, rhythm and focus of macro regulation and control, so as to maintain the maintenance of the policy.

Economic stability

The relationship between the three parties should be faster development, readjustment of the economic structure and management of inflation expectations. We should not only increase the price increase but also bring about a major fluctuation in the economic growth rate.

We must persist in implementing a prudent monetary policy and maintain a reasonable growth in the total amount of social financing.

Efforts should be made to optimize the credit structure, raise the level of financial services, and increase credit support for structural adjustment, especially for agriculture and small businesses.

We should improve the framework of macro Prudential policy and make rational use of various monetary policy tools to improve policy pertinence.

Further reform of interest rate marketization and exchange rate formation mechanism should be further promoted.

Strengthen effective monitoring of cross border capital.

Strengthening the supervision of off balance sheet banking activities.

avoid

monetary policy

The lag effect and multiple factors superimpose on the next stage of the real economy.

We should conscientiously implement the proactive fiscal policy, increase revenue and reduce expenditure, and optimize the expenditure structure.

We should strengthen the supervision of local government debt, continue to standardize local governments' financing platform companies, strictly control the increments, gradually digest the stock, and effectively resolve the debt risks.

According to the principle of classified management and differentiated treatment, we should properly handle debt repayment and subsequent financing of construction projects.

Wen Jiabao asked for a number of key tasks to co-ordinate the overall situation of the relationship.

First, we must maintain a basically stable overall price level.

Two, we must unswervingly implement the real estate market regulation policy.

Three, we must do a good job of agriculture and grain production without delay.

Four, we should do a good job in structural adjustment and energy saving and emission reduction.

Five, we must strive to maintain steady growth in foreign trade and promote a basically balanced foreign trade.

Vice Premier Li Keqiang, Hui Liangyu, Zhang Dejiang, Wang Qishan, State Councilor and Secretary General of the State Council Ma Kai attended the forum of entrepreneurs and economic experts.