Wen Yan: Research and development measures to deal with financial turmoil

Premier Wen Jiabao of the State Council presided over today (No. 9) to hold an executive meeting of the State Council to analyze the current international financial situation and its impact and study and formulate countermeasures.

The meeting pointed out that the current international financial market has experienced rapid turbulence and the uncertainty and instability of the world economic recovery have increased. We must observe calmly, respond calmly, and be prepared to guard against risks.

The meeting held that since the beginning of this year, China's economic and social development has continued to maintain a good momentum, the positive effects of macro-control have gradually emerged, the economy has maintained a steady and rapid growth, price control has been generally effective, and structural adjustment has been actively promoted. It is necessary to maintain the continuity and stability of macroeconomic policies, increase the pertinence, flexibility, and forward-looking of policies, earnestly grasp the strength, pace, and priorities of macroeconomic regulation and control, handle well the steady and rapid development of the economy, adjust the economic structure, and manage The relationship between the three inflation expectations, efforts to bring down the price increase, continue to maintain stable and rapid economic growth. Continue to take comprehensive measures to safeguard China's economic and financial security.

The meeting emphasized that China supports the efforts of all parties concerned for financial stability and economic growth, and supports the statements of the G20 finance ministers and central bankers on stabilizing financial markets, and requires all countries concerned to take responsible fiscal and monetary policies and reduce The fiscal deficit will properly handle the debt problem, maintain the safe and stable operation of market investment, and maintain global investor confidence. The international community must strengthen communication and coordination of macroeconomic policies and promote the realization of a strong, sustainable and balanced growth of the world economy.