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发帖数: 7520 | 1 China's economy is going through a "crucial" stage of restructuring, says th
e country's Premier, Li Keqiang.
At the World Economic Forum in the Chinese port city of Dalian, Mr Li pledge
d to improve relations with foreign firms.
He stressed that multinationals would get "equal treatment" with state-owned
enterprises.
He added that China was well-placed to hit a growth target of 7.5% this year
, despite a "complex" economic climate.
China posted its lowest growth in two decades for the second quarter of 2013
, and there had been some concerns that the world's second-largest economy m
ight be headed for a so-called "hard landing".
However, Mr Li sought to allay those fears by saying the Chinese economy was
stable and had strong fundamentals.
'Structural transformation'
"The foundation for an economic rebound is still fragile with many uncertain
ties ahead," Mr Li said in comments carried by the Associated Press news age
ncy.
"China is now at such a crucial stage that without structural transformation
and upgrading, we will not be able to sustain economic growth," Mr Li said.
The government has been undertaking key structural reforms, such as liberali
sing interest rates, allowing its currency to strengthen, and taking steps t
o reduce its dependency on exports.
Recent economic data showed a sharp rise in growth of exports and imports, a
s well as improvement in manufacturing figures.
These better-than-expected numbers were taken as a sign that China's growth
is stabilising.
"We are determined to further stimulate domestic demand and consumer spendin
g. At the same time, we want to improve our investment structure and make it
more efficient," Mr Li said.
Mr Li also addressed the issue of local government debts, which an audit las
t year found to be 10.7 trillion yuan ($1.6tn) or about one-quarter of China
's annual economic output.
"This has become a source of concern," Mr Li said. "We are taking relevant m
easures to address it in an orderly fashion. Here I can say with certainty t
hat the situation is, on the whole, safe and manageable." |
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