USEUROPEAFRICAASIA中文双语FrançaisHOMECHINAWORLDBUSINESSLIFESTYLECULTURETRAVELWATCHTHISSPORTSOPINIONREGIONALFORUMNEWSPAPERChina Daily PDFChina Daily E-paperMOBILEChinaNewsSocietyInnovationHK/Taiwan/MacaoCover StoryPhotosEnvironmentHealthMilitaryHome / China / National affairsLi seeks new ideas to lift the economy
By Zhang Yue | China Daily | Updated:2017-11-09 07:37At seminar, premier asks experts to suggest strategies for coming yearChina will redouble its efforts to improve the quality of its products and services – as well as its capacity for innovation – to ensure healthy, stable economic growth in the coming year, Premier Li Keqiang said on Tuesday.Li made the remark at a State Council seminar that was attended by economists and business representatives at the Zhongnanhai compound in Beijing. The seminar aimed to analyze Chinas current development and seek policy recommendations on the countrys economic strategy for the coming year.The countrys economy grew more than expected in the past year, which has provided a powerful response to those who predicted a hard landing, Li said.”We need more ideas and actions to boost consumption so the economy will grow in a healthier and more sustainable manner,” he said.Chinas economy grew at an annual rate of 6.9 percent in the first three quarters of this year. Final consumption accounted for 4.4 percentage points (64.5 percent) of that growth, with the rest coming from investment and net exports, according to the National Bureau of Statistics.Urging the government to fully implement the strategies approved during the 19th National Congress of the Communist Party of China, Li said the economic work plan for 2018 will be connected with the goal of building a moderately prosperous society in all respects.”As China is now deeply integrated into the world economy, we need to stay aware of various potential risks from outside,” Li said, adding that structural contradictions in the Chinese economy still exist.He said the biggest potential for Chinas future growth lies in the countrys rich human resources.”Recent years have seen amazing potential unleashed from the people, with the government streamlining administration and encouraging mass innovation and entrepreneurship,” Li said. “We will stand firmly with these efforts to help people unleash their creativity and create value.”The government will continue to cut taxes for businesses to give full play to the role of the market and encourage mass entrepreneurship, he said.In the first nine months, high-tech manufacturing represented 13.1 percent of the year-on-year growth.Among the representatives who spoke with the premier at the seminar was Bai Chongen, deputy executive dean of the School of Economics and Management at Tsinghua University.Bai, a member of the Peoples Bank of China monetary policy committee, said it was “encouraging to see that the government has been moderating its annual growth target” over the past several years.”This means we are giving increasing attention to fixing the economic structure in the long term,” he said.PhotoC919 jetliner undergoes final testing in ShanghaiThree continuous beams of Wuhan-Shiyan high-speed rail connected60-year-old villager paints potatoes for a livingCelebration of a good harvestUS Grand Canyons twin sister in Central Chinas HubeiImpoverished villagers in Chinas Tibet move into new housesDecoding Xis reportXis report: Unlocking the wordsLatestExpert: China, US now equals in pollution fightFinancial stability committee launchedOthers find value in nations examplePolice in China, US team up to stop fakesLi seeks new ideas to lift the economyState Council NewsPremier discusses bilateral ties with Merkel in phone callPremier to attend East Asia summit, visit PhilippinesExclusiveSino-US economic ties in numbersXi-Trump talks: Xi on Sino-US tiesBigger picture, deeper analysis: Click on any key wordEditors picksChina-built ultra-deep-water drilling rig to set sailSnow leopard numbers rise, but species still at riskTen photos you dont wanna missTen photos from across China: Oct 27-Nov 2Special19th CPC National CongressCPC encyclopediaBACK TO THE TOPHOMECHINAWORLDBUSINESSLIFESTYLECULTURETRAVELWATCHTHISSPORTSOPINIONREGIONALFORUMNEWSPAPERChina Daily PDFChina Daily E-paperMOBILECopyright 1995 -var oTime = new Date();
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