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August 16, 2012

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Premier says China's goals can be met

CHINA is capable of meeting its economic and social development goals for the year despite domestic and external challenges, Premier Wen Jiabao has said.

During a two-day inspection tour of eastern China's Zhejiang Province, which ended yesterday, Wen pointed to positive changes emerging in some sectors, and conditions favorable to the maintaining of steady and relatively fast growth.

"We have the conditions and capabilities, and will be sure to fulfil this year's economic and social development targets," he said.

The economy's fundamentals remain sound, the premier said, but he warned that the foundation for economic stabilization was still unstable, and that economic hardships may continue.

Government leaders, enterprises and the whole society should have confidence, especially in times of difficulty, Wen said, calling for government authorities to carry out work in line with new conditions and local realities.

During meetings with local entrepreneurs, Wen said the economy had shown positive changes over recent months, especially since July, as both investment and consumption had grown steadily.

Wen said industrial production in eastern regions was picking up slowly, with July's industrial output growth in Guangdong, Zhejiang and Jiangsu up by 1.4, 1.9 and 0.7 percentage points, respectively, from those recorded in the first half.

Wen also cited a stable job market, which saw 8.12 million new urban jobs created in the first seven months, up 390,000 from the same period last year.




 

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