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Premier seeks efficient measures to improve economy

Updated: Jul 13,2015 9:04 PM     english.gov.cn

Premier holds a seminar with several economists and entrepreneurs on July 10 regarding the state of the Chinese economy. [Photo/Xinhua]

Premier holds a seminar with several economists and entrepreneurs on July 10 regarding the state of the Chinese economy. [Photo/Xinhua]

Premier holds a seminar with several economists and entrepreneurs on July 10 regarding the state of the Chinese economy. [Photo/Xinhua]

Premier holds a seminar with several economists and entrepreneurs on July 10 regarding the state of the Chinese economy. [Photo/Xinhua]

The economy is regaining strength, showing great resilience, potential and flexibility, Premier Li Keqiang has said.

He made the remarks at a seminar with several economists and entrepreneurs on July 10 regarding the state of the Chinese economy, according to a statement released on July 13.

“The fundamentals which are turning for good in the long term have not changed, while the economy has shown great resilience, potential and flexibility,” Premier Li said.

“The potential of the Chinese economy can support growth at mid-to-high speed,” he said.

The Premier said earlier this month in France that China can achieve its annual growth target of about 7 percent.

Attendees of the seminar said “in the first half of this year, with national policies taking effect, the Chinese economy has started to pick up steadily and positive factors are increasing”.

Premier Li noted that efforts to streamline administrative approval procedures and delegate powers to lower levels and optimize government services should be increased, and that the decisive role of the market should be promoted to stabilize economic growth and push forward structural reforms. New engines of growth can be found in both traditional industries and emerging businesses, he added.

He said the upgrade and development of the Chinese economy depends on reform and innovation.

He encouraged enterprises to grasp the opportunities of national initiatives including Made in China 2025, Internet Plus, Belt and Road, and international production capacity cooperation to build up core competitiveness and brands.

The government will also allocate innovation-oriented resources to businesses, especially small and micro firms.

Premier Li urged relevant departments to study the suggestions and opinions raised in the seminar and come out with more ideas to push forward China’s economy to medium-to-high level while maintaining good growth.

Vice-Premier Zhang Gaoli attended the seminar. Vice-Premiers Liu Yandong, Wang Yang and Ma Kai and State Councilors Yang Jing and Wang Yong were also present.

Experts including Lian Ping, Liu Yuanchun, Zhang Jun, Zhu Baoliang as well as leaders of Suning Commerce Group, Qihoo 360, Weichai Power, DJI, and iFLYTEK exchanged views about the economy, macro policies, business operations and innovation.

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