Chinese Premier Wen Jiabao gave written instructions recently to
China's financial work emphasizing the regulating role of finance
in improving economic structure and transforming growth mode.
Wen said financial tools should be used in strengthening public
service, achieving justice and promoting the construction of a
harmonious society.
China is a big country with large population. China's financial
work should take the whole situation into account with key points
being emphasized and some leeway be left, said the premier.
Wen emphasized that reform of the financial system should be
deepened, financial management and supervision be strengthened, and
the efficiency of fiscal fund use should be improved.
The Chinese economy has been developing rapidly this year with
better returns and lower price level. According to statistics,
China's fiscal revenue has surged 24.7 percent from a year earlier
to 3.61 trillion yuan (US$463 billion) through November and the
figure for the whole year is expected to reach 3.9 trillion
yuan.
(Xinhua News Agency December 20, 2006)