Wen Jiabao: Financial crisis will continue to implement stimulus policy

Source: Internet
Author: User
Keywords Director exchange rate international finance
Tags analysis continue development economic economic development economic stimulus economy enterprises
Chinese Premier Wen Jiabao said yesterday that China would continue to implement the economic stimulus policy set by the central government.  The 11th meeting of diplomatic envoys was held in Beijing from 17th to 20th, Xinhua reported yesterday, and Wen made an in-depth analysis of the international and domestic situation.  "Diplomatic envoys meeting" is generally held every 5 years, the attendance of the meeting are: China ambassadors abroad, Consul general, representatives to international organizations, the Ministry of Foreign Affairs and related ministries, the head of some central enterprises and the relevant provincial and municipal Foreign Affairs department heads. Wen stressed that the international financial crisis has plunged the world economy into a deep recession, and it is not yet a bottom.  The recovery of the world economy will be a slow and tortuous process, and must be prepared for an effective response. Wen said that in the face of the current severe and complex external environment, we must unswervingly continue to implement the centrally defined policy and package of measures to deal with the international financial crisis, and use the reform approach to solve the development problem. At the same time adhere to the mutual benefit and win the opening-up strategy. We should combine the expansion of domestic demand and stability to improve the market share of China's export products. Adhere to the policy of utilizing foreign capital, combine the introduction of foreign capital with the improvement of independent innovation ability, optimize domestic industrial structure and promote regional coordinated development.  Accelerate the implementation of the "go out" strategy, the use of foreign exchange reserves and enterprises to "go out" to combine foreign investment and commodity exports.  Wen reiterated China's consistent stance on the RMB exchange rate, that is, to continue to improve the reform of the RMB exchange rate mechanism, further exert the basic role of market supply and demand in exchange rate formation, and maintain the basic stability of the RMB exchange rate at a reasonable and balanced level.  Earlier, after continuous to local enterprises, rural and school research work, Wen Jiabao on July 7 and 9th in Beijing held two economic situation Symposium, listen to economic experts and enterprises, industry associations responsible for the views and suggestions. At the symposium, Wen pointed out that economic development is at a critical period of steady recovery, and maintaining a stable and rapid economic development remains our top priority. At the same time, we must unswervingly implement the positive fiscal policy and moderately loose monetary policy, comprehensively implement the package plan to deal with the international financial crisis, and according to the situation change, enrich and perfect the policy, find and solve the problem in time, and further enhance the pertinence, effectiveness and sustainability of the macro policy. Wen also stressed that we should actively promote structural adjustment, deal with the relationship between growth and adjustment structure, and grasp the strength, rhythm and mode of structural adjustment.
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