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http://www.shanghaidaily.com/sp/article/2008/200806/20080605/article_362008.htm

Call To Change Macro-economic Policy

Created: 2008-6-5

A SENIOR government economist has called for small changes to China's macro-economic policy to avert the risk of sharp economic slowdown.

Adjustment needs to be made on earlier estimate on economic slowdown, especially after the devastating earthquake in Sichuan Province on May 12, said Chen Dongqi, vice president of the Academy of Macroeconomic Research under the National Development and Reform Commission.

The economy would become a more important government concern if it slowed drastically, said Chen.

Some proactive fiscal policies, including cuts in personal and corporate income taxes, needed to be introduced, the 21st Century Business Herald cited Chen as saying.

Xinhua

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