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Governmental Role in Macro Economy to be Enhanced

A senior Chinese official vowed Thursday that China would speed up improving the government's role in the country's macro economy.

 

Liu He, deputy director of the financial administrative office of the Communist Party of China, made the remark when addressing an international financial forum here.

 

Liu said that the improvement would focus on breaking the industrial monopoly, reducing administrative intervention and continuing to improve the social management and public service system.

 

Liu said the move is an important and urgent task for China to deepen the current economic structure reform, stressing that the continuous optimization of governmental management would be conducive to improving the quality and efficiency of the country's market-oriented economy.

 

Safeguarding a good market order is one of the most important roles for a government to play, Liu said, revealing that the sectors of telecommunication, electricity, and civil air service would be the key sectors within which China was to break the industrial monopoly.

 

Liu also stressed that China would make efforts to improve the country's social management and public service system, creating job opportunities for the abundant laborers in the country's vast rural area and urban families who struggle with financial difficulties.

 

As a very important mission to achieve sustainable development, the Chinese government would work hard to further the reform of the country's educational system, aiming to transfer the country's advantage of population into human resources, Liu added.

 

(Xinhua News Agency October 30, 2003)

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