The Chinese government is to target education, improvements to
the labor and capital markets to ensure qualified workers and
capital, technological innovation and environment in its spending,
a seminar was told on Tuesday.
Lou Jiwei, Deputy Minister of Finance, told a seminar on public
finance and a harmonious society that China's fast and sustainable
economic development in the medium and long term would be decided
by four major factors, including sufficient supplies of qualified
workers and capital, technological innovation, and the capability
resources and environment to sustain rapid economic
development.
The government's budget would give top priority to those factors
to ensure sustainable economic development, which served as the
material foundation for a harmonious society proposed by the
government in 2004, said Lou.
A harmonious society was also characterized by democracy and
rule of law, equity, justice, honesty, love, vigor and order and
harmony between man and nature, he said.
China has increased dramatically its public funding in
education, training, science, capital markets and environmental and
ecological protection in recent years in a bid to sustain its rapid
economic development.
The concept of building a harmonious society was proposed by
policy makers amid worsening environmental degradation and widening
gap between the rich and the poor in recent years.
(Xinhua News Agency June 29, 2006)