China’s Reforms Process is on the Right Track
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.”