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    Li Keqiang: The Economy Has Been Improving &Nbsp For A Long Time; Based On Expanding Domestic Demand.

    2012/3/19 8:28:00 10

    Macro Economic Domestic Demand Long-Term

    Li Keqiang attended the opening ceremony of the 2012 China Development Summit and pointed out that the fundamentals of China's long-term economic development have not changed.


    According to CCTV, Li Keqiang, member of the Standing Committee of the Political Bureau of the CPC Central Committee and vice premier of the State Council, attended the opening ceremony of the 2012 China Development Summit Forum and delivered a speech.

    He pointed out that the fundamentals of China's long-term economic development have not changed.


     

    Current China's economy

    Overall situation

    stable


    Li Keqiang said that although there are some changes in the world economic recovery and some good omens, the prospects are still uncertain. The European sovereign debt crisis is still developing in the international financial crisis, the global liquidity is increasing obviously, the economic downturn and inflation pressure coexist, the international commodity market is turbulent, and people's worries about the world economic prospects linger.

    At the same time, the factors that support the gradual recovery of the global economy still exist. Technological innovation and industrial upgrading are in progress. Structural adjustment such as savings and consumption, exports and imports, real economy and virtual economy is receiving more and more attention.


    China's economy and the world economy have been highly integrated and mutually influenced.

    At present, China's economy has maintained a relatively fast growth, the overall situation is stable, and the fundamentals of long-term good progress have not changed.


    Economic restructuring is the key goal.


    Li Keqiang said that China is still the largest developing country in the world, and the problems of uneven development, incoordination and unsustainable development are still outstanding.


    A few days ago, the fifth session of the eleven National People's Congress approved the report on the work of the government and made a comprehensive plan for this year's economic and social development.

    We will grasp the general keynote of steady progress in accordance with the requirements of the theme of development in 12th Five-Year and the arrangements for this year's work, strengthen and improve macroeconomic regulation and control, improve the pertinence, flexibility and foresight of policies, so as to maintain stable and rapid economic development and stabilize the overall level of prices, and strive to make new breakthroughs in changing the way of development, deepening reform and opening up, and ensuring and improving people's livelihood.

    Strategic readjustment of the economic structure is the main direction for China to accelerate the pformation of the mode of economic development, and is also the key goal for this year's economic and social development.


    The theme of this forum is "China and the world:

    Macroeconomic and structural adjustment

    "

    More than 500 entrepreneurs, experts, scholars, government officials and representatives from international organizations attended the opening ceremony.


    Key work


    [expanding domestic demand]


    Urbanization is the greatest potential


    Li Keqiang pointed out that at present, we will make further efforts in many aspects, especially in the following key areas:


    First, we need to expand domestic demand.

    Expanding domestic demand is the strategic basis for China's economic and social development.

    Especially in this year, the international market is still stagnant, and expanding domestic demand has more important practical significance for China.

    China's expansion of domestic demand and urbanization are the greatest potential.


    To expand domestic demand, we need to put the service sector in a more prominent position.

    Expanding domestic demand is also better combined with improving people's livelihood.

    The construction of affordable housing, the new round of health care reform, and the focus of tackling poverty alleviation together are not only a major livelihood project, but also a major development project, as well as a major measure to regulate income distribution, which is conducive to ensuring the basic livelihood of the masses.

    We must carry out these major projects around ensuring the basic needs of the people, so as to improve the people's livelihood and become the basis for development so that the whole nation can share the fruits of development.


    [innovation driven]


    R & D cost is expected to reach 1 trillion this year.


    Two is to strengthen innovation driven.

    Innovation is the greatest vitality of economic and social development and the adjustment of economic structure.


    We must persist in taking enterprises as the main body and taking market as the guidance, strengthen government guidance, strengthen investment in all aspects, comprehensively promote technological innovation, management innovation and product innovation, enhance the ability of economic independent growth and innovation drive, so as to achieve structural and industrial upgrading.


    China's R & D expenditure is expected to reach 1 trillion yuan this year, which will strongly support inventions and technological innovations.


    Innovation requires talents, and development requires high-quality workers.

    We will strive to turn the characteristics of large population into human strength.


    [reform and opening up]


    Total imports will exceed US $1 trillion and 900 billion.


    Three, we must rely on reform and opening up.

    China's economic development has reached the critical stage of changing the mode of economic development.

    The way of pformation lies in innovating institutional mechanisms.

    Reform and opening up is the fundamental driving force for economic pformation and modernization drive. At present, China's reform has entered a critical stage. We will deepen reforms in finance, taxation, finance, prices, enterprises and income distribution system, strive to break through in key areas and key links, better play the fundamental role of the market in resource allocation, resolutely break down the institutional obstacles restricting economic and social development, and enhance the endogenous driving force for development.


    Estimate

    China's foreign trade volume this year

    And foreign direct investment is likely to maintain a two digit growth and total imports will exceed US $1 trillion and 900 billion.

    More importantly, according to our calculations, during the "12th Five-Year" period, China's total import and export volume could reach more than US $10 trillion in line with the steady growth momentum. This undoubtedly brews huge business opportunities and potential.

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