China ex­ports high on Premier Li's agenda

The Pak Banker - - 6BUSINESS -

BEI­JING: Premier Li Ke­qiang has en­cour­aged Guang­dong prov­ince to take the lead in in­tro­duc­ing more Chi­nese brands and prod­ucts to mar­kets in de­vel­oped economies such as the United States and the Euro­pean Union. Prais­ing the prov­ince for its 0.8 per­cent ex­port growth last year, he urged the man­u­fac­tur­ing pow­er­house to fur­ther sharpen com­pet­i­tive­ness.

He made the re­marks to about 160 deputies from Guang­dong to the Na­tional Peo­ple's Congress when he joined them for a panel dis­cus­sion on Wed­nes­day. Guang­dong was at the fore­front of the na­tion's re­form and open­ing-up pol­icy dur­ing the 1980s.

Ex­port growth is high on Li's agenda in meet­ings with deputies from four provinces dur­ing this year's NPC an­nual ses­sion. China's ex­ports fell by 2.8 per­cent last year.

Many in the Guang­dong del­e­ga­tion own some of the most suc­cess­ful busi­nesses in China, such as Ma Hu­ateng, chair­man and CEO of Ten­cent Hold­ings, one of the coun­try's largest pri­vate In­ter­net ser­vice por­tals based in Guang­dong, and Dong Mingzhu, pres­i­dent of Gree Elec­tric Ap­pli­ances.

Li said a key fac­tor for the Chi­nese econ­omy to achieve medium to high eco­nomic growth is to join com­pe­ti­tion in de­vel­oped coun­tries. He said this will be more chal­leng­ing for China, as the com­pe­ti­tion for qual­ity in de­vel­oped coun­tries is higher. Such com­pe­ti­tion will help do­mes­tic man­u­fac­tur­ers to im­prove prod­uct qual­ity, some­thing that is hard to achieve through the coun­try's present ex­ports to many de­vel­op­ing coun­tries. China's ex­ports to the US and EU coun­tries fell by 12.2 per­cent and 10.7 per­cent year-on-year in Jan­uary and Fe­bru­ary.

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