This year, we will still stand to­gether, whether in wind or rain.”

China Daily (Canada) - - FRONT PAGE -

“The gov­ern­ment is faced with var­i­ous dif­fi­cul­ties. It is im­pos­si­ble to make a per­fect choice,” he told rep­re­sen­ta­tives from eight non-Com­mu­nist par­ties, the All-China Fed­er­a­tion of In­dus­try and Com­merce and oth­ers with­out party af­fil­i­a­tions, who at­tended the sem­i­nar.

De­lib­er­a­tions with non-Com­mu­nist par­ties is an el­e­ment of the coun­try’s mul­ti­party po­lit­i­cal con­sul­ta­tion sys­tem and a regular pro­ce­dure for the State Coun­cil.

Li as­sured the rep­re­sen­ta­tives that the gov­ern­ment is determined to have sta­ble, good-qual­ity growth, al­beit at a slower pace.

Last year, the Chi­nese econ­omy gre­wat its slow­est pace in al­most a quar­ter of a cen­tury: 7.4 per­cent, down from 7.7 per­cent in 2013.

Li said he has taken no­tice of the dif­fer­ent opin­ions on China’s eco­nomic devel­op­ment. The In­ter­na­tional Mon­e­tary Fund­fore­cas­tonJan20that the Chi­nese econ­omy would ex­pand by 6.8 per­cent in 2015, 0.3 per­cent­age points lower than its pre­vi­ous pre­dic­tion.

Li said that friends at the World Eco­nomic Fo­rum in Davos, Switzer­land, in Jan­uary also ex­pressed wor­ries about the coun­try’s slow­down.

How­ever, Li said that con­sid­er­a­tion should be given to the large size of China’s econ­omy. If a $10 tril­lion econ­omy grows by only 7 per­cent, the in­crease will still ex­ceed the fig­ure of a $9 tril­lion econ­omy grow­ing at 7.4 per­cent, he said.

Li thanked the non-Com­mu­nist par­ties at the sem­i­nar for their ad­vice and sup­port of the gov­ern­ment. “This year, we will still stand to­gether, whether in wind or rain,” he said.

Wan Gang, chair­man of the Cen­tral Com­mit­tee of the China Zhi Gong Party, said gov­ern­ment cap­i­tal should play a guiding role in at­tract­ing more pri­vate cap­i­tal to emerg­ing in­dus­tries.

China is set­ting up a 40 bil­lion yuan ($6.4 bil­lion) in­vest­ment fund to sup­port star­tups in emerg­ing in­dus­tries and to nur­ture new growth en­gines.

Wang Qin­min, pres­i­dent of the All-China Fed­er­a­tion of In­dus­try and Com­merce, called for en­trepreneurs to be given more en­cour­age­ment to pro­mote healthy growth in the pri­vate sec­tor.

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