Chinese premier confident in China's capital market
www.chinaview.cn 2009-02-28 16:39:40   Print

Premier Wen gives online interview at Xinhuanet, Gov't Portal

Profile: Chinese Premier Wen Jiabao   

Premier Wen's Highlights

Chinese Premier Wen Jiabao holds an online chat with netizens jointly hosted by the central government website and Xinhua website in Beijing, China, Feb. 28, 2009. (Xinhua/Yao Dawei)
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    BEIJING, Feb. 28 (Xinhua) -- Chinese Premier Wen Jiabao said here Saturday he has confidence in China's capital market, noting the government has the responsibility to establish an open, fair and transparent market environment.

    The performance of stock markets is decided by economic fundamentals and company profitability, Wen told a netizen during an online chat.

    "I have confidence in China's economy and the development of Chinese enterprises and therefore in the country's capital market, too," he said.

    The government should resolutely fight against illegal acts such as manipulating the market, he said.

    Wen said he was "very concerned about the stock market", which was aimed at boosting direct financing and absorbing private capital to support economy.

    The stock market can also serve as a tool to increase the income of investors, he added.

    China's benchmark Shanghai Composite Index has shed more than 60 percent since hitting an all-time high in October, 2007, but a strong recovery was seen this year. It fell 1.81 percent, or 38.4 points, to 2,082.85 points on Friday.

 China to narrow wealth gap in economic development  

    BEIJING, Feb. 28 (Xinhua) -- Chinese Premier Wen Jiabao said on Saturday that narrowing the gap between the rich and the poor could not be achieved "in a static state" and should be conducted alongside with the economic development.

    Wen was in response to a question about the income gap while chatting with netizens at the central government website (http://english.gov.cn) and the Xinhua News Agency website (http://www.chinaview.cn ).

   Premier Wen calls for joint efforts with Taiwan to fight financial crisis

    BEIJING, Feb. 28 (Xinhua) -- Chinese Premier Wen Jiabao said here Saturday that he hoped the mainland and Taiwan could join hands to cope with the international financial crisis.

    The mainland and Taiwan should set up an economic exchange and cooperation mechanism through negotiation, he said.

 Premier shows concern over jobless migrant workers, encouraging self-employment 

Chinese Premier Wen Jiabao holds an online chat with netizens jointly hosted by the central government website and Xinhua website in Beijing, China, Feb. 28, 2009. (Xinhua/Li Xueren)
Photo Gallery>>>

    BEIJING, Feb. 28 (Xinhua) -- Chinese Premier Wen Jiabao on Saturday showed his concern over the country's jobless migrant workers and other unemployed people and encouraged them to start self-employment.

    Wen said he had been deeply concerned over the employment issue, including those of migrant workers, college graduates and jobless urban families.

 Premier says private capital, businesses should be boosted to cope with financial crisis 

    BEIJING, Feb. 28 (Xinhua) -- Chinese Premier Wen Jiabao said Saturday private capital and priviately-owned businesses should be boosted to cope with the ongoing global financial crisis.

    Wen made the remarks while hosting his first-ever online chat with the public. 

Editor: Bi
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