China’s economy will continue to serve as an anchor and engine of global growth as it moves from a phase of high-speed growth to a stage of high-quality development.. Read more at straitstimes.com.
China’s economy will continue to serve as an anchor and engine of global growth as it moves from a phase of high-speed growth to a stage of high-quality development.
The country should place as top priority the lifting of the quality and efficiency of economic growth, and strive to transform the mode of development, said China’s top political advisory body ahead of its annual meeting which starts today.
To achieve high-quality growth, China must adopt „high standards, strict rule by law and a good culture“, said Mr Wang Guoqing, spokesman for the Chinese People’s Political Consultative Conference (CPPCC), to a room packed with reporters yesterday.
„Other than high standards, there must also be a strict guarantee of the rule of law, and a good culture means cultivating and promoting the ‚craftsman spirit of excellence‘,“ he said, mapping out CPPCC members‘ suggestions to keep the world’s No. 2 economy humming after a better-than-expected 6.9 per cent expansion last year.
In a wide-ranging 75-minute press conference that centred mainly on socio-economic issues, Mr Wang said China had quickened the pace of reforms to merge and reorganise state-owned enterprises (SOEs).
„We noticed that state-owned assets are further concentrated in key areas, forward-looking strategic industries and superior enterprises,“ he said.
