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October 1, 2015

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China on track for 2015 goals

PREMIER Li Keqiang yesterday expressed China’s confidence in achieving its goals for economic development in 2015.

“We will be able to meet the main goals and tasks of economic and social development for this year,” Li said while addressing a reception at the Great Hall of the People to mark the 66th anniversary of the founding of the People’s Republic of China.

Facing a sluggish world economy and mounting downward pressure at home, China has adopted effective range-based, targeted and discretionary macro-regulation to ensure that its economy continues to move in a positive direction, he said.

“The economy still operates within a reasonable range, with the quality of development further improved and systemic risks effectively checked, “ Li said.

As the world’s second-biggest economy, it is not easy for China to maintain a growth rate of about 7 percent on a US$10 trillion GDP baseline, and it will be even more challenging to build a brighter future from the new starting point, the premier said.

“Facing opportunities and challenges, we must bear in mind our mission and the great trust people have placed on us, meet people’s expectations in our work of governance, and continue to push forward reform, opening-up and socialist modernization drive,” he said.

 Stressing that development is the surest way leading to national renewal and the top priority for China, Li said the government must further innovate the model of macro-regulation, actively expand domestic demand and adjust the structure of development.

Calling reform and opening-up the source of drive in development, he encouraged the government to deepen reforms.

“By driving the economy with innovation through such schemes as mass entrepreneurship and innovation, we can find additional talent and resources,” he said.

The premier called for wider opening-up to the outside world, participation in global competition and cooperation at a higher and broader level.

People’s well-being is the scale to measure the effectiveness of reforms and development, he said.

The government must make every effort necessary to increase employment and raise household income, he said.

It must also ensure that children from poor families no longer have to drop out of school, ordinary citizens are not driven to despair by illness and young people are not deprived of opportunity because of unnecessary formalities, he said.

On the subject of Hong Kong, Macau and Taiwan, Li said: “We will stay committed to the basic policy of peaceful reunification as the basis of ‘one country, two systems,’ and join our compatriots in defending national interests, sharing opportunities development, carrying forward the common cultural heritage and building a community of a shared future.

China will also stay firm on the path of peaceful development and expand its interests with the rest of the world, he said.




 

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