Xi favors quality over speed for economic growth
Source: Xinhua |
April 9, 2013, Tuesday
|
Print Edition
Print Edition
CHINA will sustain "relatively high" economic growth but refrain from only seeking speed in growth, President Xi Jinping said yesterday.
China's development is generally in good shape and the country will move upward for a long time, Xi said while meeting representatives of about 30 enterprises from China and abroad at the Boao Forum.
"With our efforts, China will sustain relatively high economic growth, but not super-high economic growth. It is not necessary," he said.
The country's GDP grew by 7.8 percent in 2012, the slowest pace in 13 years.
Xi said the figure was lower than in previous years partly due to efforts to control the speed of economic growth and accelerate the transformation of China's growth model.
"It does not mean we cannot maintain economic growth at a very fast pace," he said. "We just don't want to anymore."
The government has set this year's GDP target at 7.5 percent.
Xi said China would focus more on the quality and efficiency of economic development and place more emphasis on green development, recycled development and low-carbon development.
It needs to balance industrial development and green, sustainable development, he said.
Goals have been set of building a moderately prosperous society in all respects by the time the Communist Party of China celebrates its centenary in 2021.
China is going through a period of heavy industrialization and urbanization, while the country's information industry is developing rapidly and agriculture is being modernized, creating great potential in the domestic market, he said.
Xi promised to further open China's market and share the country's opportunities with the rest of the world.
China will "expand, deepen and widen" its economy, firmly oppose protectionism in any form and prepare itself to solve economic and trade differences with other countries through consultation, he said.
Xi reiterated that China's development can benefit the rest of the world, including its neighbors.
Last year, about 15.76 million Chinese traveled to neighboring countries. Over the next five years, China's imports will reach US$10 trillion and outbound investment is expected to grow rapidly, Xi said.
China's development is generally in good shape and the country will move upward for a long time, Xi said while meeting representatives of about 30 enterprises from China and abroad at the Boao Forum.
"With our efforts, China will sustain relatively high economic growth, but not super-high economic growth. It is not necessary," he said.
The country's GDP grew by 7.8 percent in 2012, the slowest pace in 13 years.
Xi said the figure was lower than in previous years partly due to efforts to control the speed of economic growth and accelerate the transformation of China's growth model.
"It does not mean we cannot maintain economic growth at a very fast pace," he said. "We just don't want to anymore."
The government has set this year's GDP target at 7.5 percent.
Xi said China would focus more on the quality and efficiency of economic development and place more emphasis on green development, recycled development and low-carbon development.
It needs to balance industrial development and green, sustainable development, he said.
Goals have been set of building a moderately prosperous society in all respects by the time the Communist Party of China celebrates its centenary in 2021.
China is going through a period of heavy industrialization and urbanization, while the country's information industry is developing rapidly and agriculture is being modernized, creating great potential in the domestic market, he said.
Xi promised to further open China's market and share the country's opportunities with the rest of the world.
China will "expand, deepen and widen" its economy, firmly oppose protectionism in any form and prepare itself to solve economic and trade differences with other countries through consultation, he said.
Xi reiterated that China's development can benefit the rest of the world, including its neighbors.
Last year, about 15.76 million Chinese traveled to neighboring countries. Over the next five years, China's imports will reach US$10 trillion and outbound investment is expected to grow rapidly, Xi said.
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