Li visit hints at future policy
Print Edition
CHINA must use innovation and intelligence as well as diligence to support its economic upgrading and job creation, Premier Li Keqiang said.
The country has abundant human resources, a huge market and a deep-rooted culture, so there is great potential to develop its creative industry, Li said during an inspection tour of Changsha, capital of central China’s Hunan Province, and Zhuzhou City in Hunan on Thursday and Friday.
In Changsha, Li visited Hunan University where he learned about students’ employment situation. Amid a tough job market, a record 7.3 million college students graduated this year, up from 6.99 million in 2013, according to the Ministry of Education.
Li encouraged students to unleash their potential through employment and running businesses, saying the government needs to create a platform for them, while society should seek to encourage innovation and be tolerant of failure.
Innovation is key, Li said.
The country must improve its products through intelligence, and bolster job creation and industrial development through innovation to create a better image of China on the global stage, he said.
The size of the market for Chinese products is limited only by creativity.
To ensure that Chinese-manufactured equipment flourishes on the global market, it must give clients more bang for their buck, and its lifeline lies in its high quality, Li said.
While visiting CSR Zhuzhou Electric Locomotive Co — a leading exporter of high-speed railway coaches — Li asked workers to ensure the quality of the country’s high-speed railways and to safeguard the reputation of equipment made in China.
“Every time I visit a foreign country, I introduce your products ... I hope to see more of them in future,” he said.
China’s economic growth fell to 7.4 percent in the first quarter, its slowest since the third quarter of 2012, but recovery in key indicators in the past three months has pointed to stabilization. Manufacturing growth accelerated to a six-month high last month, contributing to a strong end to the second quarter.
To boost the economy, the premier highlighted three areas: invigorating the market, increasing the supply of public goods and letting the financial sector provide more support to the real economy.
It’s a convention for Chinese premiers to conduct field visits in early July, ahead of the release of half-year economic indicators. So local government and business owners were watching closely for clues as to where the premier will take the nation’s economic policies.
Experts said his destination gave the answer. The resilience of the nation’s economy lies not on the coast but in central areas, where urbanization is just starting, infrastructure needs upgrading and growth is expected, they said.
Meanwhile, Vice Premier Zhang Gaoli yesterday ended his four-day research tour of the Ningxia Hui Autonomous Region and Gansu Province.
He called for more effective investments and an unleashing of market vitality through reform.
Economic growth is within a proper range and the results of restructuring are emerging, he said.
The country now needs to streamline its administration and delegate power to lower-level governments, he said.
Zhang also called for more efforts to implement a strategy for the development of western regions and the Silk Road Economic Belt, as proposed by President Xi Jinping.
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