16 Measures to Strengthen Macroeconomic Control (Jun. 1993)

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The CPC Central Committee and the State Council jointly issued "Opinions on Strengthening Macroeconomic Control under the Current Economic Situation," releasing 16 measures of macroeconomic regulation and control centering around regulating the financial order.

The proposed measures include: strict control of currency issuance; rectification of borrowing in violation of set regulations; resolute ban of unwarranted funds pooling; acceleration of financial reforms and strengthening the central bank's macro-control of financial activities; integration of investment and financial structural reforms; further improvement of securities issuing management and market regulation; improvement of foreign-exchange control; strengthening of overall real-estate market administration; fortification of tax collection and administration, while preventing unwarranted tax reductions and exemptions, among others.

(Courtesy of the Foreign Languages Press)

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