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BEIJING, March 30 (Xinhuanet) -- Chinese Premier Wen Jiabao underscores the necessity of strict control of China's overheating economy at an executive meeting of the State Council, or the central government, he presided over here Wednesday.
The meeting cited the in-depth development of economic structural
reform as a "major task" of his government to fulfill this year.
By analyzing the present supply and demand situation and prices in
the steel industry, the meeting underlined both the urgency and importance of
macroscopic control of the industry and taking direct tough measures to cope
with the hiking price of iron ore on the international market.
China is required to sternly control the export of steel products and
strengthen the coordination and management of iron ore imports, the meeting
found.
Meanwhile, the meeting called for the rigid control of overheating
investments in fixed assets, especially in the real estate and urban development
sectors, so as to cool down the excessive demand for production materials such
as steel, a substantial step crucial to maintaining stable economic growth.
The meeting prompted the government to put due effort into
implementing the tasks included in the work report delivered at the Third
Session of the Tenth National People's Congress (NPC) on March 5.
Unstable and unhealthy factors should be eliminated from the
country's national economy and the foundation for macro-control has yet to be
consolidated during the current period of reform, noted the meeting, and they
constitute essential steps to build a harmonious country with each element of
society well developed.
To coordinate the work between agriculture and industry, rural and
urban areas, economic and social development, domestic development and
opening-up to the outside world are also of great importance, the meeting said.
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