ecns [expanded by feedex.net]
ecns
Premier Li stresses quality growth
http://www.ecns.cn/business/2015/11-01/186616.shtml
Nov 1st 2015, 00:07
Chinese Premier Li Keqiang on Saturday called for implementation of the growth roadmap laid out during a four-day key meeting of the Communist Party of China (CPC), which highlighted innovation, coordinated and green development.
In a State Council meeting chaired by Li, he stressed the need to innovate and improve China's macro-control mindset, and strengthen targeted adjustments to deliver quality growth.
Reforms of fiscal policies, financial mechanisms and state-owned enterprises should be deepened to push economic restructuring, Li noted, stressing the roles of innovation and entrepreneurship in bringing out economic vitality.
He also urged continued efforts to promote coordinated urban-rural development so that all people will benefit from economic progress, and pledged wider opening-up in international cooperation.
China's economy expanded 6.9 percent year on year in the third quarter of 2015, the lowest reading since the second quarter of 2009.
According to the communique released after the key CPC meeting that adopted proposals for economic and social development in the 13th Five-year Plan (2016 to 2020), China will prioritize quality and efficient development.
The country is also aiming to double its 2010 GDP and per capita income of residents both in cities and rural areas by 2020.
Li asked authorities to formulate detailed plans to deliver the targets in the proposals.
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