Xi stresses in­no­va­tion to bol­ster econ­omy

Fiji Sun - - World News -

Bei­jing: Chi­nese Pres­i­dent Xi Jin­ping has asked se­nior of­fi­cials to “make in­no­va­tion the pivot of de­vel­op­ment,” ac­cord­ing to a speech pub­lished in the Peo­ple’s Daily on Tues­day. “China’s econ­omy, now the world’s sec­ond largest, still suf­fers from low qual­ity of growth. Lack of in­no­va­tion abil­ity has been the Achilles’ heel for eco­nomic de­vel­op­ment,” said Mr Xi in the speech, given at a sym­po­sium at­tended by min­is­te­rial and pro­vin­cial of­fi­cials in Jan­uary this year.

“Though the fo­cus of sci­en­tific and tech­no­log­i­cal de­vel­op­ment in China has been shift­ing from quan­tity to qual­ity, the coun­try still lags be­hind de­vel­oped ones in terms of cut­ting-edge and core tech­nolo­gies in fields of mil­i­tary and na­tional se­cu­rity,” he said.

The pres­i­dent called for bet­ter re­search of key tech­nol­ogy that is cru­cial to the coun­try’s eco­nomic and so­cial de­vel­op­ment.

He called on of­fi­cials to un­der­stand the new stage of de­vel­op­ment re­ferred to as the “new nor­mal” -- a slow­ing of growth the econ­omy must go through be­fore it be­comes more bal­anced and so­phis­ti­cated. But he added, “The new nor­mal does not mean we can idle around and ig­nore GDP growth.”

Aside from in­no­va­tion, Mr Xi also high­lighted co-or­di­na­tion, green de­vel­op­ment, open­ing up and shar­ing, the new de­vel­op­ment con­cepts pro­posed in the coun­try’s roadmap for so­cial and eco­nomic de­vel­op­ment cov­er­ing 2016 to 2020. Us­ing play­ing piano with all 10 fin­gers as a metaphor, he said China should co­or­di­nate de­vel­op­ment among re­gions and ur­ban and ru­ral ar­eas, bal­ance eco­nomic growth with cul­tural de­vel­op­ment, and work to­ward in­te­grated de­vel­op­ment of the econ­omy and na­tional de­fence. Xin­hua

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