President Xi stresses laws of economics in managing economy
                 English.news.cn | 2014-07-08 22:11:41 | Editor: Yamei Wang

BEIJING, July 8 (Xinhua) -- Chinese President Xi Jinping on Tuesday called upon governments at all levels to follow the laws of economics to achieve rational and sustainable economic development.

Xi made the remarks at a symposium on China's current economic situation.

"The development we desire must be rational and based on the laws of economics and sustainable development based on the laws of nature," Xi told the meeting after listening to opinions from some leading economists.

He said policymakers at all levels must better understand the rules of economic development to raise their capability in achieving the quality and efficiency of economic and social development.

"We should -- based on China's specific national conditions and changing situations -- speed up transformation of the economic development pattern, the restructuring of the economy and reform to let market play a decisive role in allocating resources and let government play a better role," Xi said.

The President said that China enjoys "favorable conditions" for sustained and healthy economic development.

Xi urged officials to balance reform, development and stability; short-term and long-term goals; and key points of reform and development, to increasing of people's standard of living.

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China eyes modern fiscal system

BEIJING, June 30 (Xinhua) -- China will endeavor to build a comprehensive, transparent and efficient fiscal and tax system by deepening reforms in the coming years, the central leadership of the Communist Party of China (CPC) said on Monday.

Priorities include improving management and supervision of government budgets, facilitating the building of a comprehensive, well-regulated and transparent modern budget system and optimizing the tax system, said a statement released after a meeting of the Political Bureau of the CPC Central Committee, presided over by its general secretary, Xi Jinping.Full story

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BEIJING, July 5 (Xinhua) -- Economists at government think tanks have called for more targeted measures to bolster the economy.

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