Bumper harvest in sight (China Daily) Updated: 2006-06-15 09:33
China will have another strong harvest this summer, said Premier Wen Jiabao
yesterday.
Although he could not give any exact figures for the harvest,
as many farmers are still busy getting their crops in, no more surprises are
likely to upset the encouraging forecast, said Wen, at yesterday's State Council
executive meeting.
Following news of the good harvest the cabinet called
for an expansion of the acreage of land planted with autumn crops.
The
cabinet also urged for measures to be taken to protect harvests, in particular
against floods, which have recently hit southern provinces.
Meanwhile,
against a backdrop of increases in foreign trade surpluses in the last few
months, the cabinet called for effective measures to balance imports and
exports.
This will be achieved through restricting exports of items which
take a lot of energy and resources to produce, cause pollution, and through
increasing imports of resources in short supply in the domestic market and
advanced technologies.
Overall the economy's rapid growth has become more
stable. But the cabinet stressed that China is still plagued by problems such as
imbalances in the economic structure and threats to energy supplies and the
environment.
For the next stage of economic development the cabinet urged
officials at all levels to change their single-minded desire to chase growth and
investment.
It recommended efforts to boost development in some
industries while reining in the growth of others.
For fixed assets
investment more resolute measures were called for to slow down growth, and more
restrictions on approving land use rights and land-related credit supply.
In addition, State Council members promised a crackdown on illegal land
use. New investment projects should be rigorously scrutinized, especially in
industries already suffering from over-production. (For more biz stories, please visit Industry Updates)
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