The Chinese government is now facing a test no less severe than
that posed by the SARS epidemic last year, said Chinese Premier Wen
Jiabao at a press conference in Beijing Sunday.
The Chinese economy developed rapidly and demonstrated "more
dynamism" last year. But some deep-seated problems in the country's
economic structure remained unsolved while new problems such as
excessive investment scale, decreasing grain output and an "obvious
trend of rising prices" kept cropping up, said the premier.
These problems exposed the Chinese government to a test "no less
severe" than that posed by last year's SARS epidemic and put
China's economy at a "critical juncture", commented Wen.
If the problems are properly handled, the "big ship of the
Chinese economy" will move forward smoothly or "setbacks" will be
"inevitable", said Wen.
(Xinhua News Agency March 14, 2004)
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