Li: An­nual growth goal achiev­able Premier ex­presses con­fi­dence in econ­omy at trade union congress

China Daily (Canada) - - TOP NEWS - By HU YONGQI huy­ongqi@chi­nadaily.com.cn

China can achieve this year’s so­cial and eco­nomic de­vel­op­ment goals as it has seen steady in­creases in em­ploy­ment and res­i­den­tial in­comes while main­tain­ing sta­ble con­sumer prices amid com­plex do­mes­tic and global con­di­tions, Premier Li Ke­qiang said on Wednes­day.

Li made the re­mark dur­ing a re­port to a ses­sion of the five-day 17th Na­tional Congress of the All-China Fed­er­a­tion of Trade Unions, which kicked off on Mon­day.

The Chi­nese econ­omy is ba­si­cally sta­ble and per­form­ing within a rea­son­able range, with a strong GDP growth rate in the first three quar­ters, Li told more than 3,000 par­tic­i­pants of the congress. More than 11 mil­lion new jobs were cre­ated in ur­ban ar­eas in this pe­riod.

New tech­nolo­gies and busi­ness mod­els were boom­ing along with mar­ket vi­tal­ity, as more than 18,000 new en­ter­prises were reg­is­tered each day, he said.

Mean­while, with the econ­omy fac­ing in­creas­ing chal­lenges and ex­ter­nal risks, growth pres­sure is ris­ing, af­fect­ing mar­ket ex­pec­ta­tions and con­fi­dence for many en­ter­prises that had op­er­a­tional dif­fi­cul­ties, the premier said.

Li called for a deep­en­ing of re­form and open­ing-up, more in­no­va­tion and an improve­ment in the busi­ness en­vi­ron­ment, along with an eas­ing of tax and fee bur­dens.

More mea­sures should be im­ple­mented to stim­u­late mar­kets and tap do­mes­tic con­sump­tion po­ten­tial, he said. Prob­lems fac­ing the real econ­omy should be solved and peo­ple’s liveli­hoods should be im­proved to keep eco­nomic de­vel­op­ment in a rea­son­able range and achieve high-qual­ity de­vel­op­ment, the premier said.

China has the largest la­bor pool in the world, giv­ing it huge po­ten­tial and ad­van­tages, Li said. As the na­tion’s ed­u­ca­tion sys­tem im­proves, the qual­ity of the coun­try’s la­bor force has been im­prov­ing, with an in­creas­ing num­ber of high-qual­ity tech­ni­cal pro­fes­sion­als, he said. Dif­fi­cul­ties can be over­come as long as the en­thu­si­asm and cre­ativ­ity of mil­lions of work­ers are stim­u­lated, the premier told la­bor rep­re­sen­ta­tives at the congress.

The premier said the le­git­i­mate rights of all work­ers should be en­sured. He called for mak­ing sta­ble em­ploy­ment a top pri­or­ity within China’s macroe­co­nomic poli­cies, job guar­an­tees for key groups, and a trans­fer of work­ers from en­ter­prises in dif­fi­cul­ties to other posts.

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