In a strong reaffirmation of China's economic trajectory, Premier Li Qiang emphasized the pivotal role of high-tech innovation in driving sustainable growth during a symposium with economic experts and entrepreneurs on Monday.
Premier Li, a key member of the Standing Committee of the Political Bureau of the Communist Party of China Central Committee, highlighted China's confidence in maintaining a robust and healthy growth pattern despite facing rising complexities and uncertainties in the global environment.
He pointed to recent data released by the National Development and Reform Commission, which showed a significant increase in retail consumer goods sales by 5.5 percent year-on-year in the first two months of 2024, up from 3.5 percent in the same period last year. Additionally, investment and industrial output figures have demonstrated robust growth, underscoring China's economic resilience.
To sustain this positive momentum, Premier Li stressed the importance of accelerating the implementation of government policies, stimulating market entities, and addressing key challenges systematically. He also emphasized the need to focus on improving people's livelihoods as a cornerstone of economic and social development.
Addressing entrepreneurs, Premier Li encouraged them to prioritize innovation and actively explore new business opportunities, contributing their expertise to further economic advancement.
China remains committed to a proactive fiscal policy this year to counteract potential downward pressures on the economy, ensuring continued growth and stability.
Reference(s):
cgtn.com
