China to continue with economic, political reforms: Hu

August 1st, 2008 - 7:29 pm ICT by IANS  

Beijing, Aug 1 (Xinhua) China will continue its policy of deepening economic and political reforms after the Beijing Olympics, President Hu Jintao said Friday. “Our first priority of macro adjustment is to maintain steady and relatively fast economic growth and curb excessive price rises,” Hu told journalists from 25 news organizations from around the world.

The group interview came a week ahead of the Beijing Games.

Hu said preparations for the Games had undoubtedly boosted Beijing’s economic and social development.

“However, Beijing’s GDP accounts for a tiny part of China’s total, so people should not over estimate the impact of the preparations of the Olympic Games on the Chinese economy,” he said.

China had maintained a solid growth since the beginning of the year despite an unusually severe winter that struck south China in January and the killer May 12 earthquake that killed around 70,000 people in the southwest.

“Yet we have noticed that there are growing uncertainties and unstable factors in the international environment. China’s domestic economy is facing increasing challenges and difficulties,” Hu said.

The government would open up, deepen reform and would step up environmental protection and energy efficiency, he said.

The president said while continuing the opening up of the economy, the country “will continue to pursue comprehensive reforms, including reforms of the political system”.

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