Hu Reiterates China’s Economic Policy

%3CFONT%20face%3DVerdana%3E%0D%0A%3CP%3E%3CFONT%20face%3DVerdana%3EChinese%20President%20Hu%20Jintao%20has%20said%20that%20the%20government%20should%20stick%20to%20the%20pro-active%20fiscal%20policy%20and%20moderately%20loose%20monetary%20policy%20in%20the%20second%20half%20of%20this%20year%20to%20ensure%20a%20stable%20and%20relatively%20rapid%20economic%20development.%3C/FONT%3E%3C/P%3E%0D%0A%3CP%3E%3CFONT%20face%3DVerdana%3EHu%2C%20also%20general%20secretary%20of%20the%20Communist%20Party%20of%20China%20%28CPC%29%20Central%20Committee%2C%20made%20the%20remarks%20at%20a%20symposium%20held%20in%20Beijing%20Tuesday%2C%20with%20attendance%20of%20people%20from%20the%20non-communists%20parties%20and%20the%20All-China%20Federation%20of%20Industry%20and%20Commerce%2C%20as%20well%20as%20celebrities%20without%20party%20affiliations.%3C/FONT%3E%3C/P%3E%0D%0A%3CP%3E%3CFONT%20face%3DVerdana%3EOther%20members%20of%20the%20Standing%20Committee%20of%20the%20Political%20Bureau%20of%20the%20CPC%20Central%20Committee%2C%20including%20Wen%20Jiabao%2C%20Jia%20Qinglin%2C%20Xi%20Jinping%2C%20Li%20Keqiang%2C%20also%20attended%20the%20symposium.%3C/FONT%3E%3C/P%3E%0D%0A%3CP%3E%3CFONT%20face%3DVerdana%3E%22We%20should%20strengthen%20our%20awareness%20of%20current%20risks%20and%20challenges%20the%20country%20is%20facing%20in%20economy%2C%20and%20firmly%20implement%20the%20central%20government%27s%20policies%20to%20ensure%20a%20stable%20and%20relatively%20rapid%20economic%20development%2C%22%20Hu%20said.%3C/FONT%3E%3C/P%3E%0D%0A%3CP%3E%3CFONT%20face%3DVerdana%3EHu%20said%20the%20economy%20is%20developing%20in%20the%20right%20direction%20under%20the%20government%27s%20macroeconomic%20controls%20and%20the%20government%20would%20maintain%20the%20continuity%20and%20stability%20of%20its%20economic%20policies%20to%20make%20them%20more%20targeted%20and%20flexible%20according%20to%20new%20conditions.%3C/FONT%3E%3C/P%3E%0D%0A%3CP%3E%3CFONT%20face%3DVerdana%3EFurther%2C%20more%20efforts%20should%20be%20made%20to%20strengthen%20economic%20forecasts%20and%20warning%20systems%2C%20as%20well%20as%20in%20the%20coordination%20of%20economic%20policies%2C%20Hu%20added.%3C/FONT%3E%3C/P%3E%0D%0A%3CP%3E%3CFONT%20face%3DVerdana%3EHu%20asked%20for%20more%20efforts%20in%20the%20grain%20industry%20to%20achieve%20a%20good%20harvest%20this%20year%20and%20to%20improve%20control%20and%20relief%20work%20in%20combating%20floods%20and%20drought.%3C/FONT%3E%3C/P%3E%0D%0A%3CP%3E%3CFONT%20face%3DVerdana%3EThe%20government%20would%20also%20push%20forward%20long-term%20mechanisms%20for%20boosting%20domestic%20demand%2C%20implement%20consumption%20measures%20and%20increase%20the%20influence%20of%20consumption%20in%20its%20contribution%20to%20the%20economy%2C%20Hu%20said.%20It%20would%20also%20encourage%20more%20private%20funding%20to%20sectors%20supported%20by%20the%20government.%3C/FONT%3E%3C/P%3E%0D%0A%3CP%3E%3CFONT%20face%3DVerdana%3EHu%20further%20vowed%20to%20advance%20economic%20restructuring%20and%20accelerate%20development%20of%20new%20strategic%20industries%2C%20and%20promote%20development%20in%20the%20Tibet%20autonomous%20region%2C%20Xinjiang%20Uygur%20autonomous%20region%20and%20other%20regions%20populated%20by%20ethnic%20minority%20groups.%3C/FONT%3E%3C/P%3E%0D%0A%3CP%3E%3CFONT%20face%3DVerdana%3EMore%20efforts%20should%20be%20made%20on%20emission%20cuts%20and%20energy%20savings%2C%20as%20well%20as%20on%20elimination%20of%20outdated%20capacity%2C%20Hu%20said.%3C/FONT%3E%3C/P%3E%0D%0A%3CP%3E%3CFONT%20face%3DVerdana%3EThe%20government%20would%20also%20speed%20up%20reform%20of%20the%20property%20market%2C%20fiscal%20and%20financial%20systems%2C%20prices%20and%20social%20insurance%2C%20Hu%20said.%3C/FONT%3E%3C/P%3E%0D%0A%3CP%3E%3CFONT%20face%3DVerdana%3EFurther%2C%20the%20government%20would%20work%20to%20improve%20people%27s%20living%20standards%20and%20endeavor%20to%20meet%20the%20public%27s%20needs%20in%20education%2C%20health%20care%2C%20employment%2C%20social%20security%20and%20housing%2C%20Hu%20said.%20Post-disaster%20reconstruction%20efforts%20and%20work%20safety%20should%20also%20be%20intensified%2C%20Hu%20added.%3C/FONT%3E%3C/P%3E%0D%0A%3CP%3E%3CFONT%20face%3DVerdana%3EChinese%20Premier%20Wen%20Jiabao%20said%20at%20the%20symposium%20that%20the%20country%20would%20keep%20policy%20stability%20as%20the%20theme%20for%20its%20economic%20regulation%20in%20the%20second%20half%20of%20the%20year.%3C/FONT%3E%3C/P%3E%0D%0A%3CP%3E%3CFONT%20face%3DVerdana%3EEconomic%20polices%20would%20be%20aimed%20at%20balancing%20the%20goals%20of%20containing%20inflation%20and%20ensuring%20relatively%20fast%20growth%2C%20while%20also%20pushing%20ahead%20with%20economic%20restructuring%2C%20Wen%20said%2C%20adding%20that%20steady%20and%20relatively%20fast%20growth%20is%20a%20precondition%20for%20resolving%20urgent%20issues%20and%20reforming%20the%20economy.%3C/FONT%3E%3C/P%3E%0D%0A%3CP%3E%3CFONT%20face%3DVerdana%3EChina%27s%20economic%20growth%20cooled%20to%2010.3%20percent%20year%20on%20year%20in%20the%20second%20quarter%20of%20this%20year%2C%20from%20the%2011.9%20percent%20in%20the%20first%20quarter%2C%20government%20data%20showed.%3C/FONT%3E%3C/P%3E%0D%0A%3CP%3E%3CFONT%20face%3DVerdana%3EIn%20late%202008%2C%20China%20unveiled%20a%20four-trillion-yuan%20stimulus%20package%20and%20shifted%20its%20fiscal%20policy%20from%20a%20%22prudent%22%20to%20a%20%22pro-active%22%20stance%2C%20while%20easing%20monetary%20policy%20from%20%22tight%22%20to%20%22moderately%20loose%22%2C%20to%20counter%20the%20global%20financial%20crisis.%3C/FONT%3E%3C/P%3E%0D%0A%3CP%3E%3CFONT%20face%3DVerdana%3E%3C/FONT%3E%26nbsp%3B%3C/P%3E%3C/FONT%3E