China s president urges further financial sector reforms

BY

President Hu Jintao said the government should step up reforms in the financial sector to ensure healthy development of the country s capital markets.

Hu told a meeting of the Communist Party s top decision-making body that financial measures should be used in a "more efficient way" to help the country s efforts towards macroeconomic controls.
He did not elaborate.

Hu s remarks come against the backdrop of a surge in China s inflation to more than 5 pct and concerns about economic overheating.

JKL

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