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Political Advisors Speak on Major Development Issues

Following three days of study and discussion on the government work report from Premier Wen Jiabao, China's political advisors gathered at the Great Hall of the People in Beijing Saturday morning to voice their opinions on major development issues of the country.

Fourteen members of the 11th National Committee of the Chinese People's Political Consultative Conference (CPPCC), currently in its first annual full session here, are scheduled to speak at the session's second plenary meeting.

Li Deshui, one of the 14 members, said China must start with enhanced regulation on capital to fulfill the primary task for macroeconomic regulation this year, or to prevent fast economic growth from becoming overheated growth and keep structural price increases from turning into significant inflation.

"We need to tighten oversight on the flow of capital across borders," said Li after expressing concerns over influx of hot money into China.

Liang Yanjun, in a joint speech with Ye Huili, said in order to contain the structural price increases, China should take measures including increasing agricultural product supplies, macroeconomic regulation on prices and improving social assistance for low-income groups.

Wan Gang, on behalf of China Zhi Gong Party, said the country should attract more Chinese talents living abroad to return to their homeland and encourage them to make China more innovative.

(Xinhua News Agency March 8, 2008)

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