Premier Keqiang States that China Can Meet Goals of Economic and Social Development

Premier Keqiang States that China Can Meet Goals of Economic and Social DevelopmentAccording to Premier Li Keqiang, China will be able to meet the main goals of economic and social development that they have set this year. Li made the remarks during his address at a reception at the Great Hall of the People which was celebrated at the same time of the 66th anniversary of the founding of the People’s Republic of China.

Even with facing a sluggish world economy and downward pressure at home, China has adopted an effective range based, targeted and discreet macro regulation that will ensure the economy continues to move forward in a positive direction even with its ups and downs. As the economy moves in a reasonable range along with the qualification of development that will further improve and place systemic risks in checked.

Premier Li Keqiang revealed the main goals of economic and social development set for 2015 as he delivered the government’s Work Report during the annual session of the National People’s Congress last March. Based on the goals, the Gross Domestic Product will expect growth by 7 percent and the consumer price index will grow by 3 percent. Ten million new jobs will be created as imports and exports will also increase by 6 percent. Li also said that although it will not be easy for China to maintain a growth rate of 7 percent or on the $10 trillion GDP baseline. Plus it will be even more challenging to create a future from a new starting point.

To achieve the goal Li said that China should innovate further the model of macro regulation, adjust the structure of development and expand the domestic demand. It should also be built on the foundation of a sound economic growth that will improve the quality and efficiency in development and prevent and control risks of all kinds.

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