Economy
China to continue proactive fiscal policy in 2011
Updated: 2010-12-27 22:20
(Xinhua)
BEIJING -- China will continue to implement its proactive fiscal policy in 2011 and better handle the relations between maintaining steady and relatively fast economic development, restructuring the economy and managing inflation expectations, Finance Minister Xie Xuren said Monday.
He called for more efforts to raise people's incomes and boost domestic consumption. "The country will continue the reform in income distribution systems and strive to increase residents' incomes, especially those with lower salaries to boost people's consumption power," Xie said.
The country should keep the fiscal deficit and government-led investment at a reasonable level in 2011, while optimizing investments, he said.
Further, China will improve its tax policy and let the policy play a larger role in adjusting income distribution while reducing income inequalities.
China will also improve the structure of fiscal expenditure in order to ensure and improve people's livelihoods next year, said Xie, who added that great efforts should be made to support economic restructuring and a coordinated regional development, in a bid to advance the transformation of the economic growth mode.
E-paper
Ear We Go
China and the world set to embrace the merciful, peaceful year of rabbit
Preview of the coming issue
Carrefour finds the going tough in China
Maid to Order
Specials
Mysteries written in blood
Historical records and Caucasian features of locals suggest link with Roman Empire.
Winning Charm
Coastal Yantai banks on little things that matter to grow
New rules to hit property market
The State Council launched a new round of measures to rein in property prices.