» Funds from the Chinese government’s 4-trillion-yuan stimulus package should be used to build infrastructure, not to enlarge state-owned companies, Fan Gang, head of the National Economic Research Institute, said at the Boao forum.

» Expanding state-controlled businesses will only increase supply in an economy that is already swamped, Fan said.

» Fan called for industry development to create jobs over the long term, rather than focusing on service and high-tech sectors to solve the unemployment problem.