The Hot Zone
China's newly announced air defense identification zone over the East China Sea aims to shore up national security
Current Issue
· Table of Contents
· Editor's Desk
· Previous Issues
· Subscribe to Mag
Subscribe Now >>
Expert's View
Market Watch
North American Report
Government Documents
Expat's Eye
Photo Gallery
Reader's Service
Learning with
'Beijing Review'
E-mail us
RSS Feeds
PDF Edition
Reader's Letters
Make Beijing Review your homepage
Hot Links

cheap eyeglasses
Market Avenue

Press Releases
Special> NPC & CPPCC Sessions 2011> Press Releases
UPDATED: March 14, 2011
No Easy Task to Achieve High-Quality 7-Pct Growth

Chinese Premier Wen Jiabao said Monday that it is not easy to achieve a high-quality and efficient annual growth rate of seven percent during the 2011-2015 period.

Given China's increasingly large economic aggregate and the need to raise the quality and efficiency of its growth, "a seven-percent growth rate is not a low target," Wen told a press conference after the conclusion of the annual parliamentary session.

China lowers its annual economic growth target to seven percent for the period of 2011-2015 from the target of 7.5 percent for the previous five years, according to the new five-year program adopted by the top legislature.

"The lowering of the target not only demonstrates the government's determination but also indicates a major move to transform the country's economic growth pattern," Wen said.

"We should make full use of this opportunity to adjust the economic growth pattern and address the unbalanced, uncoordinated or unsustainable factors that have existed in China's economy for a long time," said Wen.

He added that China must strike a balance between economic growth speed, job creation and inflation control.

"A fast growth speed would bring more jobs but lead to high inflationary pressure; A slower speed means less new jobs and risks economic recession," the premier said.

With the economy expected to grow slower during the 2011-2015 period, the Chinese government will make every effort to cope with the rising employment pressure, Wen said.

"I think this poses a great test to the government, but we have the determination that we will ease the pressure successfully," Wen said.

The government must pay close attention to economic restructuring, and give priority to developing small and medium-sized enterprises, especially small hi-tech firms, and developing the service sector, including producer services, which would help create more jobs, said Wen.

(Xinhua News Agency March 14, 2011)

Top Story
-Protecting Ocean Rights
-Partners in Defense
-Fighting HIV+'s Stigma
-HIV: Privacy VS. Protection
-Setting the Tone
Most Popular
About BEIJINGREVIEW | About beijingreview.com | Rss Feeds | Contact us | Advertising | Subscribe & Service | Make Beijing Review your homepage
Copyright Beijing Review All right reserved