People's Daily: Earthquake economic fundamentals do not change

May 26, 2008 07:08:12 Source: People's Daily
Wenchuan strong earthquake struck, causing heavy casualties and property losses. At present, earthquake relief work is being carried out. Expert analysis, Wenchuan earthquake will not affect the economic fundamentals, China's economy will continue to maintain又好fast development momentum.

State Council Development Research Centre Ba Shusong experts recently said that the earthquake will not change the economic growth trend. At present, China is the economic fundamentals continue to maintain fast growth又好, with the macro-control policies related to the implementation of the government work report put the 2008 economic targets can be achieved. However, the economy is the prominent contradictions in the "three-off" Although to some extent eased, but still outstanding; Although the risk of inflation in the effective control of, but from the structural to the overall trend of the spread still exists, still persist Macro-control, to implement the "two defenses" of policies and measures.

Major earthquake disaster to people's lives and property caused heavy losses, hit disaster areas of infrastructure, industrial and commercial enterprises, blocking industrial and agricultural production, which has seriously affected the local economic development. To May 22, the central disaster losses estimated rate of more than 300 billion yuan. According to preliminary statistics, 14,207 industrial enterprises in Sichuan disaster, the direct economic loss of 67 billion yuan, business services direct loss of 20 billion yuan. Chinese People's University School of Public Relations Professor Dr. Liu Xin pointed out that at present, the disaster are serious, but still limited to some areas of the country's limited impact on economic growth.

From the post-disaster reconstruction, the central financial arrangements for this year, 70 billion reconstruction fund and arrange 25 billion yuan for rescue operations, the whole of society contribute to the disaster areas to 16 billion yuan, coupled with the future of local government and community input Experts believe that reconstruction funds will be accumulated over 100 billion yuan. These inputs for earthquake relief, restore production and rebuild homes and economic development to provide strong support. From the policy levers, the People's Bank of China has announced that the disaster area to take a distinction of monetary policy, money supply will mean that the disaster areas due to relax, other relevant supporting policies for the economy will also introduced. Some experts have analyzed the disaster areas reconstruction task will be very heavy, infrastructure, housing, factories and other construction-related products will be expanded on demand, promoting related industries and economic growth.

At present, to the scientific concept of development to the overall situation, adhere to the principle of unabated grasping earthquake relief, firmly grasping the economic development, in order to achieve economic targets is scheduled to further strengthen and improve macro-control, focus on controlling inflation, the next Make great efforts to promote the production and supply security, and maintain steady and rapid economic development. (High-only)