China maintains its growth momentum
Growth will regain its strength steadily from the second quarter of 2011 (European)
Deputy Prime Minister Li Keshiang the role of economic growth and rapid increase in domestic consumption and promote reform and to support innovation in the transformation of the economy.
He said in the China Development Forum in 2011 that the Chinese government has set a priority to reduce the prices of consumer goods.
He said that in order to transform the pattern of economic development in China, it must be done on the government's efforts to support domestic demand.
The head of the Development Research Center of the State Council of China Chang Yu Tai in The Forum is expected to slow economic growth this year, but growth momentum will remain strong.
Yu added, "growth will regain its strength steadily from the second quarter of 2011."
China has set annual economic growth rate at 8% this year, which is less than the rate of 10.3% last year.
The news agency quoted the Chinese official told Xinhua that China's growth momentum will remain strong this year. And will support the rapid growth of investment in low-cost housing, and water conservancy projects and high-speed railway.
In the context of reforms of higher wages and income tax will increase consumption in urban and rural areas, the official said that the recovery in developing countries will enhance the demand for Chinese exports.
Despite the high inflation in China at the present time, Chang expressed his confidence that the government will maintain it within the 4% target as a number for this year.
He said that the abundant food reserves and the expansion of distribution networks will ease price pressures. Moreover, the strict policies of China to rein in liquidity in the market began to take hold.
Growth will regain its strength steadily from the second quarter of 2011 (European)
Deputy Prime Minister Li Keshiang the role of economic growth and rapid increase in domestic consumption and promote reform and to support innovation in the transformation of the economy.
He said in the China Development Forum in 2011 that the Chinese government has set a priority to reduce the prices of consumer goods.
He said that in order to transform the pattern of economic development in China, it must be done on the government's efforts to support domestic demand.
The head of the Development Research Center of the State Council of China Chang Yu Tai in The Forum is expected to slow economic growth this year, but growth momentum will remain strong.
Yu added, "growth will regain its strength steadily from the second quarter of 2011."
China has set annual economic growth rate at 8% this year, which is less than the rate of 10.3% last year.
The news agency quoted the Chinese official told Xinhua that China's growth momentum will remain strong this year. And will support the rapid growth of investment in low-cost housing, and water conservancy projects and high-speed railway.
In the context of reforms of higher wages and income tax will increase consumption in urban and rural areas, the official said that the recovery in developing countries will enhance the demand for Chinese exports.
Despite the high inflation in China at the present time, Chang expressed his confidence that the government will maintain it within the 4% target as a number for this year.
He said that the abundant food reserves and the expansion of distribution networks will ease price pressures. Moreover, the strict policies of China to rein in liquidity in the market began to take hold.
