China's economy may be developing in the direction favored by macro-control
policies, but the country has paid too dear a cost for its sizzling economic
Ma Kai, the minister in charge of the National Development and Reform
Commission, made the remarks when reporting on the current economic situation to
officials in the capital.
Although China has made remarkable achievements in its economic and social
development, it still faces daunting challenges, such as the unreasonable
economic structure, primitive mode of economic development and systematic
constraints, Ma said.
It is difficult to sustain growth in farmers' incomes, and investment and
credit loans -- which have fallen a little -- may rebound and heat up again, he
The imbalance in international payments is getting worse, and the country
faces severe environmental problems as well as resource and energy shortages, he
Ma listed eight major economic tasks for the year, including improving
macro-control policy, making steady progress in building a new socialist
countryside, enhancing environment and land protection and boosting innovation
Others are pushing forward urbanization, further opening the economy,
promoting education, public health and culture, and solving problems relating to
the general public's vital interests.