China has the ability to and the confidence to keep growing at an appropriate range in 2019 notwithstanding the headwinds, said the Chinese Premier Li Keqiang on Friday while taking part in a discussion with some foreign experts working in China just ahead of the Chinese Lunar New Year starting February 5.
"China's economy has enough resilience, potential and ample room for growth, especially with a huge domestic market and rich human resources of nearly 1.4 billion people, therefore, we are fully confident and capable of keeping economic growth rate within an appropriate range in spite of multiple risks and challenges in 2019," Li told the foreign experts present at the gathering.
According to data issued by the National Bureau of Statistics on Monday, in 2018, the second largest economy of the world managed to grow at a rate of 6.6 per cent year on year to touch a GDP value of 90.0309 trillion yuan (about $13.28 trillion) which was slightly more than the official target of around 6.5 per cent.
"The growth rate of 6.6 per cent is hard-won, as it is on the basis of China's very high economic output, fairly sufficient employment and continuous improvement of environment," said Li.
He said that the Chinese establishment would push ahead with the economic and market reforms which he hopes would enhance the vitality and creativity of about 100 million firms in the country.
The reforms, according to Lim include the further streamlining of the administration, delegation of more power, further strengthening of the regulations, offering better services, reduction of taxes and fees on a broader scale, easing of market access for firms further and creating a business environment that focuses on fair competition.
He said that there is a strong commitment within the Chinese government to allow more access of its economy and market to the outside world and learning advanced technology and experience from foreign countries.
He further said that the policies of the Chinese government would also focus on inclusive development because China is still a developing country.
"China welcomes the entry of all competitive commodities and technology in the world, and we will strictly protect intellectual property rights and speed up the market transformation of innovation results," the premier said.
Li also participated in an in-depth exchange of views with a host of foreign experts from countries such as the United States, Germany, Britain, Cuba and Sweden where in the experts also chipped in with their advice and suggestions on issues that included economic growth, scientific innovation, intelligence manufacturing and environment protection.
While saying the foreign professionals are welcome to work in China, Li said that more and better policies would be created to further enhance facilitate of working and life in China for foreign workers.
(Source:scmp.com)
"China's economy has enough resilience, potential and ample room for growth, especially with a huge domestic market and rich human resources of nearly 1.4 billion people, therefore, we are fully confident and capable of keeping economic growth rate within an appropriate range in spite of multiple risks and challenges in 2019," Li told the foreign experts present at the gathering.
According to data issued by the National Bureau of Statistics on Monday, in 2018, the second largest economy of the world managed to grow at a rate of 6.6 per cent year on year to touch a GDP value of 90.0309 trillion yuan (about $13.28 trillion) which was slightly more than the official target of around 6.5 per cent.
"The growth rate of 6.6 per cent is hard-won, as it is on the basis of China's very high economic output, fairly sufficient employment and continuous improvement of environment," said Li.
He said that the Chinese establishment would push ahead with the economic and market reforms which he hopes would enhance the vitality and creativity of about 100 million firms in the country.
The reforms, according to Lim include the further streamlining of the administration, delegation of more power, further strengthening of the regulations, offering better services, reduction of taxes and fees on a broader scale, easing of market access for firms further and creating a business environment that focuses on fair competition.
He said that there is a strong commitment within the Chinese government to allow more access of its economy and market to the outside world and learning advanced technology and experience from foreign countries.
He further said that the policies of the Chinese government would also focus on inclusive development because China is still a developing country.
"China welcomes the entry of all competitive commodities and technology in the world, and we will strictly protect intellectual property rights and speed up the market transformation of innovation results," the premier said.
Li also participated in an in-depth exchange of views with a host of foreign experts from countries such as the United States, Germany, Britain, Cuba and Sweden where in the experts also chipped in with their advice and suggestions on issues that included economic growth, scientific innovation, intelligence manufacturing and environment protection.
While saying the foreign professionals are welcome to work in China, Li said that more and better policies would be created to further enhance facilitate of working and life in China for foreign workers.
(Source:scmp.com)
