China's senior political advisors warned on Thursday that the government should try to guide consumption with planned financial policies while avoiding demand-driven inflation.
The government should deal with inflation by focusing on consumption, investment, international trade, and employment, they agreed at the Second Meeting of the Standing Committee of the 11th National Committee of the Chinese People's Political Consultative Conference (CPPCC).
The Committee members discussed the development of the reform and opening-up drive and the acceleration of the social security system.
They discussed ways to speed up financial reforms, deepen cultural reforms, encourage greater participation by the citizens of Hong Kong, Macao and Taiwan and expatriate Chinese and increase employment.
The members agreed the global economic environment had deteriorated, and China's economic and social development was encountering challenges.
They called for the reform and opening-up drive to continue unabated as the country was at a crucial period of building a prosperous society.
Present were Jia Qinglin, chairman of the CPPCC National Committee and member of the Standing Committee of the Communist Party of China (CPC) Central Committee Political Bureau, Wang Gang, vice chairman of the CPPCC National Committee and member of the CPC Central Committee Political Bureau, and other vice chairpersons of CPPCC National Committees.
(Xinhua News Agency July 4, 2008)