Premier Li leaves Britain with sights on more inclusive future (2)

INCLUSIVE DEVELOPMENT

Addressing the global economic roundtable Tuesday, Li urged the international community to strive for inclusive development that would achieve healthy growth of the world economy.

Li said, since the outbreak of the global financial crisis, an increasing number of countries had realized the indivisibility of economic growth and employment, and had attached mounting importance to inclusive development.

Only with sustained economic growth and increasing employment could the imbalance between developing and developed countries and within the developing camp be solved and social progress be achieved, he said.

At the gathering, co-hosted by Chatham House and the International Institute for Strategic Studies on Wednesday, Li said China, with a population of 1.3 billion, would foster the largest inclusive development in human history by achieving modernization step by step.

He said China would promote urbanization, integration of urban and rural areas and harmonious regional development.

China would boost sustainable economic development by following a new path of industrialization, pursuing low-carbon and green growth, achieving endogenous growth through innovation and upgrading the economy by improving its quality and efficiency, he told the audience at Mansion House in the City of London.

China would also give the market a decisive role in resource allocation and allow greater play for the role of government to tap private investment potential, and stimulate the initiative and creativity of the market as well as the people, he said.

China would advance a new round of opening-up to create a better environment for domestic and foreign investment, increasingly integrate itself with the rest of the world, and make important contributions to the inclusive development of the world as a whole, Li said.

The visit, Li's first trip to Britain since he took office in March last year, is another major diplomatic endeavor between China and Europe following Chinese President Xi Jinping's Europe tour in late March.