National Development and Reform Commission Financial Secretary Xu Lin yesterday (January 13) that this year's CPI is expected to increase to 4.6%, GDP growth of 8%. He also said that in 2007 the GDP growth rate is estimated at around 11%.
He financial yesterday organized by the China Academy of Social Sciences, "raising the level of macro-control, improve monetary policy and fiscal policy coordination mechanism" meeting, from the current perspective, we have this year's macro-control is the most important issue "double defenses" , to prevent the economy from overheating Piankuai development, and prevent the current structural prices generate full inflation. He believes that the future of China's fiscal policy should pay more attention to structural problems, concerns changes in the structure of financial expenditure and changes in the structure of tax revenue.
Source: 上海证券报 Lu Xiaoping Jan. 14, 2008