Chinese premier expects positive GDP growth in 2020

2020-05-28 22:07:55Xinhua Editor : Gu Liping ECNS App Download
Special: 2020 Two Sessions

Chinese Premier Li Keqiang said Thursday the country is expected to achieve positive economic growth this year if security in six key areas is ensured.

The six areas refer to job security, basic living needs, operations of market entities, food and energy security, stable industrial and supply chains, and the normal functioning of primary-level governments.

Li highlighted efforts to maintain security in the first three areas.

China will take targeted measures instead of massive stimulus to boost economic growth, Li told a press conference after the conclusion of the annual national legislative session.

"Our measures of a fairly large scale are designed to provide vital relief to market entities and revitalize the market with a particular focus on ensuring steady employment and people's livelihoods," Li said.

Li said money invested in the people will be able to generate new wealth, help protect and preserve tax sources, and make public finance more sustainable.

"We will do our utmost to keep China's economic growth stable, and at the same time we must ensure that all measures taken are well calibrated," he said.

The country has policy reserves in fiscal, financial, social security and other fronts, and will promptly introduce new measures without any hesitation if necessary, Li said.

Keeping China's economic fundamentals stable itself will be a contribution to the world and China will remain a positive force driving global economic recovery and growth, he said.


Most popular in 24h

MoreTop news


Back to top Links | About Us | Jobs | Contact Us | Privacy Policy
Copyright ©1999-2020 All rights reserved.
Reproduction in whole or in part without permission is prohibited.