China must curb economic chaos/corruption: Zeng Peiyan

BEIJING (AFX-ASIA) - China must resolve to clear up chaos in the marketplace and curb lawlessness and rampant corruption, minister in charge of the State Development Planning Commission Zeng Peiyan said. "We must firmly resolve to clear up the chaos currently plaguing order in the market economy," Zeng Peiyan told the National People's Congress. "There are many reasons for this chaos, including inadequate legal and regulatory footing for the market economy, lax management, ineffective supervision and poor discipline," he said. Some "lawless people and corrupt government employees" have been "working together to cause tremendous damage" and are "tarnishing the credibility of the state and the image of reform and (economic) opening," Zeng said. Zeng said the government will focus on curbing the production and sale of fake and low quality goods, and intensify the fight against smuggling, fradulent export tax rebates and foreign exchange crimes. Financial institutions will be investigated for corruption, and the construction market rectified by curbing the "abuse of power" in public bidding and illegal subcontracting, Zeng added.

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