Budget targets education, environment
(Xinhua)
Updated: 2006-06-29 14:28
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 had 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 rich and poor in recent years.
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