Chinese Premier Wen Jiabao said on the 16th that the Chinese economy has maintained steady and rapid development for many years and has the conditions to continue to maintain.
Wen Jiabao made the above remark when answering a reporter's question at a press conference held at the Fifth Session of the Tenth National People's Congress.
Wen Jiabao said that in recent years, the Chinese economy has maintained a steady and rapid development, but neither the past nor the future is not a good time for evaluation. He said that there are huge problems in China's economy and it is still a structural problem of instability, imbalance, incoordination, and unsustainability.
Wen Jiabao said that the so-called instability is that investment growth rate is too high, credit is excessive, currency mobility is excessive, and foreign trade and international payments are not balanced; the so-called imbalance is between urban and rural areas, between regions, and economic and social development. There is an imbalance; the so-called inconsistency is that the primary, secondary, and tertiary industries are not coordinated and the investment and consumption are inconsistent. The excessive economic growth depends on investment and foreign trade exports; the so-called unsustainability is that China has not been able to do well. To solve energy conservation and consumption reduction issues and ecological and environmental issues.
He said that these issues are urgent issues that need to be resolved, and that they need long-term efforts.
Wen Jiabao pointed out that China’s economic development has maintained a steady high rate for many years, but can it not continue to maintain it? Conditions are available. The most important thing is that China can also secure a peaceful environment for a longer period of time and concentrate its efforts on economic development. Second, China has a large potential domestic market demand. However, the key lies in policies and response capabilities.
Wen Jiabao said that in the future, China will continue to promote the expansion of domestic demand, especially consumer demand; promote reform and opening up to eliminate institutional and institutional obstacles; promote innovation in knowledge and technology so that economic growth can be built on a solid foundation; and promote energy conservation. Consumption and pollution reduction will enable China's development to remain sustainable.
Wen Jiabao said that although it is very difficult to achieve this task, "China has confidence."
Wen Jiabao made the above remark when answering a reporter's question at a press conference held at the Fifth Session of the Tenth National People's Congress.
Wen Jiabao said that in recent years, the Chinese economy has maintained a steady and rapid development, but neither the past nor the future is not a good time for evaluation. He said that there are huge problems in China's economy and it is still a structural problem of instability, imbalance, incoordination, and unsustainability.
Wen Jiabao said that the so-called instability is that investment growth rate is too high, credit is excessive, currency mobility is excessive, and foreign trade and international payments are not balanced; the so-called imbalance is between urban and rural areas, between regions, and economic and social development. There is an imbalance; the so-called inconsistency is that the primary, secondary, and tertiary industries are not coordinated and the investment and consumption are inconsistent. The excessive economic growth depends on investment and foreign trade exports; the so-called unsustainability is that China has not been able to do well. To solve energy conservation and consumption reduction issues and ecological and environmental issues.
He said that these issues are urgent issues that need to be resolved, and that they need long-term efforts.
Wen Jiabao pointed out that China’s economic development has maintained a steady high rate for many years, but can it not continue to maintain it? Conditions are available. The most important thing is that China can also secure a peaceful environment for a longer period of time and concentrate its efforts on economic development. Second, China has a large potential domestic market demand. However, the key lies in policies and response capabilities.
Wen Jiabao said that in the future, China will continue to promote the expansion of domestic demand, especially consumer demand; promote reform and opening up to eliminate institutional and institutional obstacles; promote innovation in knowledge and technology so that economic growth can be built on a solid foundation; and promote energy conservation. Consumption and pollution reduction will enable China's development to remain sustainable.
Wen Jiabao said that although it is very difficult to achieve this task, "China has confidence."
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