According to Xinhua News Agency State Council Premier Wen Jiabao

According to Xinhua News Agency State Council Premier Wen Jiabao chaired a State Council executive meeting on the 23rd, the analysis of the economic situation, the deployment of the recent work. China's overall economic and run a smooth meeting pointed out that China's economic operation is generally steady economic growth remained at the beginning of the year within the target range, but more complicated domestic and international environments, some new changes. Further highlights the twists and turns of world economic recovery, arduous. There are still some outstanding contradictions and problems in the domestic economy, especially economic downward pressure. Steady growth on the more important position in the meeting stressed that, should conscientiously implement while maintaining stability of the general tone, correctly handle to maintain stable and rapid economic development, economic structural adjustment and management of the relationship between inflation expectations, dependable growth on the more important location. Increase the pre-tune fine-tune the intensity of the situation change, improve the policy relevance, flexibility and forward-looking, and actively take policy measures to expand demand in order to maintain stable and rapid economic development to create a good policy environment. Maintain a reasonable social financing scale meeting the requirements should continue to implement structural tax cuts, reduce the corporate tax burden. To adhere to the basic orientation of the prudent monetary policy to maintain a reasonable scale of financing, and further optimize the credit structure, and pay more attention to meet the needs of the real economy. Focus on expanding domestic demand, improve policies and measures to promote consumption. Carry out the work to expand the scope of energy-saving products that benefit the project implementation. Participation Railway Telecom Conference to promote the "12th Five Year Plan" major project implementation schedule, start number of the overall situation, driven by strong major projects have been identified rail, energy saving and environmental protection, rural and western areas of infrastructure to encourage private capital to projects in the areas of education, health, information technology, to speed up the progress of the preparatory work. Encourage private investment in the railway, municipal, energy, telecommunications, education, health care and other areas of construction. Strong support for the small micro-enterprise venture Societe Generale. Stability and improve the export policy and support the enterprises to actively explore the market, and promote the steady growth of foreign trade. Stability and strict implementation of the real estate market regulation policy. Interpretation of macroeconomic policy to pre-tune fine-tuning to increase the intensity and frequency of [policy] China's economic growth rate continued to drop, causing widespread concern. State Council executive meeting held on the 23rd, dependable growth on the more important to increase efforts to fine-tune the presetting position, according to the changing situation. This reveal what new trends in the macro-control [Interpretation of] the general direction of the macro-control has not changed, but for the recent economic growth continues to come down significantly, will increase the intensity and frequency of pre-tune fine-tuning, and actively expand domestic demand and stabilize economic growth. "State Council Development Research Zhang Liqun, a research fellow of the Center of Macroeconomic Analysis said. A quarter of China's economy grew 8.1 percent growth rate over the previous quarter, down 0.8 percentage points; April China's economic "troika" of growth continued to slow. The two weeks since the U.S. and EU economies have emerged in the new issues, China's exports will continue to fall, this will have the overall macroeconomic, in particular a greater impact on people's expectations. "Said Li Jian, researcher at the Institute of the Ministry of Commerce . There are indications that the fall of China's economic growth still continues. From the current growth rate, still in the beginning of the year 7.5% target range, the economy overall smooth running, but the economic downward pressure increase. Taking into account the huge inertia of the economic operation, as well as severe economic environment, as soon as possible for the Chinese economy "bottoming" very necessary. Monetary policy tight liquidity support is not enough [policy] that adhere to the basic orientation of the prudent monetary policy at the same time, the State Council executive meeting, proposed to maintain a reasonable scale of social financing, to further optimize the credit structure, and pay more attention to meet the needs of the real economy. Explanation "monetary policy is very important, the growth rate of recovery, the stability of the demand, and monetary policy efforts to grasp is closely related to the lagged effects of monetary policy since last year, continued to tighten during the actual operation is still apparent, to take targeted measures to address the problems continue to release such a tightening effect. "said Zhang Liqun. April of the financial data below market expectations, at the end of broad money (M2) reached an increase of 12.8 percent, a 0.6 percent drop the previous month; New RMB loans of 681.8 billion yuan, up by 61.2 billion yuan less. "At present, market liquidity is tight, not enough efforts to support economic growth, the situation is not optimistic. Prices basically stable situation, monetary policy should support efforts to increase economic growth." China International Economic and Exchange Center Advisory Research Department Vice Minister Wang Jun said. According to AP