LINE

Text:AAAPrint
Economy

Domestic demand key pillar of Chinese economy: Premier

1
2016-07-13 08:54Xinhua Editor: Gu Liping
Chinese Premier Li Keqiang (L) presides over a symposium studying the current economic situation with experts and entrepreneurs, in Beijing, capital of China, July 12, 2016. (Xinhua/Li Tao)

Chinese Premier Li Keqiang (L) presides over a symposium studying the current economic situation with experts and entrepreneurs, in Beijing, capital of China, July 12, 2016. (Xinhua/Li Tao)

Domestic demand is a key pillar of Chinese economy as the second quarter saw smooth growth and China will continue to promote the new economy to foster growth, Chinese Premier Li Keqiang said on Monday.

The Chinese economy is going on within a proper range with an increasingly balanced structure thanks to effective macro-economic policies, Li said during a meeting with experts and entrepreneurs.

The new economy created over seven million people in Q2 and many traditional enterprises started to embrace new technologies or business models, according to Li.

However, the global economy and market still remain weak, with growing uncertainties and unpredictable follow-up effects. China must keep its macro-economic policy consistent and enhance timely finetuning to avoid risks, promote reforms and keep economic growth within a proper range, Li said.

China will push ahead with the upgrading of its economy, with focus put on supply-side structural reforms. It will streamline administration and improve services to enterprises, reduce tax and leverage ratio, cultivate new economic drivers via innovation to boost growth and employment, according to the premier.

The government will promote new urbanization to unleash domestic demand and beef up infrastructure development such as flood-prevention and city utility tunnel projects, Li added.

 

  

Related news

MorePhoto

Most popular in 24h

MoreTop news

MoreVideo

News
Politics
Business
Society
Culture
Military
Sci-tech
Entertainment
Sports
Odd
Features
Biz
Economy
Travel
Travel News
Travel Types
Events
Food
Hotel
Bar & Club
Architecture
Gallery
Photo
CNS Photo
Video
Video
Learning Chinese
Learn About China
Social Chinese
Business Chinese
Buzz Words
Bilingual
Resources
ECNS Wire
Special Coverage
Infographics
Voices
LINE
Back to top Links | About Us | Jobs | Contact Us | Privacy Policy
Copyright ©1999-2018 Chinanews.com. All rights reserved.
Reproduction in whole or in part without permission is prohibited.