Thursday, October 23, 2014   

(NPC) Premier Li puts vested interests on notice in reform call
(03-05 10:49)

Premier Li Keqiang promised to seek breakthroughs in reform as China seeks growth impetus in the face of downward pressure on the economy.
Delivering his work report to the national legislature, the NPC, he set this year's economic growth target at 7.5 percent, the same as last year's. It was slightly lower than the 7.7-percent actual growth in 2013.
Other key economic goals, such as consumer price index and unemployment rate, remain generally the same as those of last year.
Li said reforms will focus on key areas, the most pressing problems and in areas with the biggest consensus.
“We must rely fully on the people, break mental shackles and vested interests with great determination," he told nearly 3,000 deputies to the Second Session of the 12th National People's Congress in the Great Hall of the People in central Beijing.
Li described the situation China faces this year as “a complex environment" with both favorable and unfavorable factors.
Internationally, in addition to the unstable and uncertain global economic recovery, some countries' policy adjustments introduce new variables into the equation and emerging economies are facing new difficulties and challenges, he said.
Domestically, deep-seated problems are surfacing while painful adjustments need to be made, he said.
“The pace of economic growth is changing and downward pressure on the economy remains great," he said.
However, the premier held that China is able to maintain a moderate and even high economic growth for some time to come as industrialization and urbanization are continuing and there is considerable potential for regional development.--Xinhua


   
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