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Premier Wen urged financial sector to support the "real economy" [Copy link] 中文

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Post time 2012-1-8 09:27:30 |Display all floors
This post was edited by 468259058 at 2012-1-8 15:38

BEIJING - Premier Wen Jiabao has urged the financial sector to strengthen its capability in supporting the production of goods and services and to prevent artificial factors from inflating the economy.

China should set up a long-term mechanism that will make sure the "real economy" gets sufficient investment for growth, to strengthen the foundation for economic growth in the post-crisis era, the premier said. He was speaking at the end of the two-day National Financial Work Conference on Saturday in Beijing.

The real economy is defined as production activity in sectors such as agriculture, manufacturing and service, which is the basis of a country's GDP.

According to the conference plan, the government is expected, within the next five years, to diversify the shareholding structure of listed companies and to broaden capital sources by allowing in more private capital.

"We should protect the investors' rights and interests and break the monopoly in the financial industry," Wen said.
The premier also said the financial market should open up to overseas market faster, while strengthening its capacity to guard against external risks.

author: Chen Jia
source: Chinadaily.com


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Post time 2012-1-8 12:00:58 |Display all floors
What the *** is wrong with our economy? The banks are moutains of bad loan, but their high ranking officials laugh all the time... Property boom is the major driver of the economy and employment, but people drink poison made by themselves...

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Post time 2012-1-8 12:36:52 |Display all floors
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Post time 2012-1-8 12:46:46 |Display all floors
zglobal Post time: 2012-1-8 12:36
You are right. The high ranking officials don;t care because they are stealing from the country ev ...

meansures approaching the solution:

1. Disclosure the assets and income of high ranking party and government leaders.
Or, at least the disclosure open to the public before their promotion like what Vietnamese government did.

2. Disclosure the citizenship of so-called our representatives and our party and government leaders.
kicking out foreign citizens out of mailand Chinese national congress and local city council members.
Government could hire foreign citizens as officials, such as what did in economic area of the past decade, But government need to disclose the foreign citizens in government to the public.
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Post time 2012-1-8 15:37:02 |Display all floors
This post was edited by 468259058 at 2012-1-8 15:37

"Wen: Support the real economy" was the headline news report in most of mainland Chinese internet media yesterday.
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Post time 2012-1-8 16:04:24 |Display all floors
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Roach Exterminator

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Post time 2012-1-8 18:43:27 |Display all floors
This post was edited by 468259058 at 2012-1-8 19:38
zglobal Post time: 2012-1-8 16:04
There is no serious effort to control corruption and that's why it will continue, led by the most corrupt...local government officials.
If China doesn't take a serious stance, the social unrest will be devastating when the economy unravels

....


Agree.
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