Li pledges to boost demand
Source: Agencies |
January 29, 2010, Friday
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Print Edition
Print Edition
VICE Premier Li Keqiang yesterday said China will seek to boost domestic consumer demand to drive forward its booming economy, acknowledging export growth alone was unsustainable for development.
Li said China would look to increase employment and the income of its poorer citizens, hoping to unleash the huge potential of the consumers.
He said at the World Economic Forum that China would break monopolies and encourage competition, while integrating more deeply into the global economy.
China recently surpassed Germany as the world's top exporter, but Li noted that economic strategies have been "excessively reliant on investment and export."
Li said China would look to increase employment and the income of its poorer citizens, hoping to unleash the huge potential of the consumers.
He said at the World Economic Forum that China would break monopolies and encourage competition, while integrating more deeply into the global economy.
China recently surpassed Germany as the world's top exporter, but Li noted that economic strategies have been "excessively reliant on investment and export."
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