China’s Re­forms Process is on the Right Track

China's Foreign Trade (English) - - Contents - By Audrey Guo

Dur­ing two ses­sions

H.E. Mr. Bedrich Kopecky

Am­bas­sador of Czech in China ac­cepted the in­ter­view from China’s For­eign Trade and shared with us his point of view con­cern­ing the top­ics such as China’s new tar­get of GDP, the 13th Five-year Plan.

China’s For­eign Trade: In the two ses­sions of 2016, which pro­pos­als are you mostly in­ter­ested in? What do you think of them?

Am­bas­sador:Min­is­ter­very care­fully.give I theI lis­tened­was gov­ern­men­thap­pyto the to re­portPrime­hear that em­pha­sis­the gov­ern­men­ton the role willof sci­en­ceput strong and 50 tech­nol­o­gymln new in ur­ban­the econ­omy.jobs will Creatin­galso be an im­por­tant task. Low­er­ing the av­er­age GDP growth should not be a big problem as long as the econ­omy op­er­ates on a sus­tain­able ba­sis formed by ser­vices, in­no­va­tion and do­mes­tic con­sump­tion. Re­duc­ing en­ergy and water con­sump­tion per capita are also im­por­tant goals as well as deal­ing with pol­lu­tion.

China’s For­eign Trade: Com­par­ing with past Gov­ern­ment Work Re­ports, what do you think of the high­lights from Gov­ern­ment Work Re­port of 2016 ?

Am­bas­sador: There is a strong fo­cus on the sup­ply-side struc­tural re­form and in­no­va­tion driven de­vel­op­ment. It will be im­por­tant to fo­cus on ex­pand­ing mar­ket ac­cess for for­eign in­vestors and im­prove the per­for­mance of state- owned en­ter­prises. A big chal­lenge is ad­dress­ing over­ca­pac­ity in the steel and coal in­dus­tries. I be­lieve China has the tools to ad­dress these chal­lenges and I am con­vinced they will be ap­plied ef­fec­tively.

China’s For­eig n Trade: As the Gov­ern­ment Work Re­port said, the GDP tar­get in 2016 is be­tween 6.5% to 7%. Do you have any opin­ions on it?

Am­bas­sador: Al­though the Chi­nese econ­omy, nat­u­rally like any econ­omy, is en­coun­ter­ing some prob­lems, I feel that the re­forms process is on the right track — to­wards a mar­ket econ­omy based on ser­vices, in­no­va­tion and green tech­nolo­gies. Considering the size of the Chi­nese econ­omy, it would be im­pos­si­ble for such an econ­omy to

go through a re­form process with­out any dif­fi­cul­ties. It is not im­por­tant whether the GDP growth is 6.5% or 7%, what is more im­por­tant is that the growth is based on qual­ity and sus­tain­abil­ity.

China’s For­eign Trade: China 13th Five-year Plan­ning is launched in 2016. Five con­cepts of it in­clude in­no­va­tion, co­or­di­na­tion, green­ness, open­ness, and shar­ing, could you com­ment on it? What do you think of any po­ten­tial busi­ness op­por­tu­ni­ties of bi­lat­eral coun­tries?

Am­bas­sador: The plan gives good guid­ance to China for the next five years. The five con­cepts men­tioned are key for the fu­ture growth of China and Czech Repub­lic can of­fer tech­nolo­gies, know-how and ser­vices in these ar­eas. Czech com­pa­nies can of­fer for ex­am­ple co­op­er­a­tion in au­to­mo­tive and avi­a­tion in­dus­tries, high-tech en­gi­neer­ing, life sciences (biotech­nol­ogy, phar­ma­ceu­ti­cals), ICT and clean en­ergy. An im­por­tant part of the econ­omy is also sci­ence and re­search and we plan to ex­pand our co­op­er­a­tion in these ar­eas with China through a va­ri­ety of new projects.

“Al­though the Chi­nese econ­omy, nat­u­rally like any econ­omy, is en­coun­ter­ing some prob­lems, I feel that the re­forms process is on the right track.”

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