CHINA will adopt macro-economic control measures on a long-term basis to help build up its socialist market economy, according to Premier Li Peng. He said steps to strengthen macro-economic regulations were not merely expedient measures to solve such immediate problems as inflation. Instead, it was a long-term task to give market forces a full play in maximising resources in the Chinese economy, he said. Mr Li said they would mainly use economic tools such as raising interest rates to regulate the economy. The approach distinguished the present macro-economic controls from the past when the state directly intervened, he said in an interview with the Hong Kong-based magazine, Wide Angle. However, there were growing signs that calls made by patriarch Deng Xiaoping for a speedier pace of growth have become the mainstream view among the Chinese leadership. Mr Deng reportedly said that any macro-economic control should not slow down economic growth. Noting that imbalanced development was a common phenomenon throughout the world, Mr Li said the Government would increase investments in economically-backward regions through financial and tax reforms to help narrow the income gap with richer provinces. The ultimate goal was a balanced development of the national economy, he said. Mr Li also said the financial strength of the central Government needed to be boosted in order to increase its injections of funds to the impoverished regions. On the ailing state-owned enterprises, the premier said the shareholding system was not the panacea for their problems because not all firms were strong enough to turn into a full shareholding system.