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Chinese Premier Li Keqiang on Monday called for efforts to
consolidate the momentum of steady economic recovery and growth, as well
as to ensure the fulfillment of this year's development goals. Li, also a member of the Standing Committee of the Political Bureau
of the Communist Party of China (CPC) Central Committee, made the
remarks while presiding over a symposium on the economic situation via
video link. Vice-Premier Han Zheng, also a member of the Standing Committee of
the Political Bureau of the CPC Central Committee, attended the
symposium. A raft of government policy measures, especially tax and fee
reductions, have extended the economic recovery in the past few months,
while speedy growth of new market entities helped expand employment,
according to reports delivered by governors of Liaoning, Jiangsu,
Fujian, Jiangxi and Shaanxi at the symposium. Noting that the domestic and external environment is still complex
and uncertainties are on the rise, Li urged both confidence and profound
analysis of difficult problems in carrying forward the momentum of
steady economic recovery and growth. Li called for efforts to address development challenges by reforms
and opening-up, clinch a decisive victory in the fight against poverty,
and realize economic growth for the year. Tax and fee reductions, which are key to steady economic recovery,
should be further implemented in the remaining months, said Li,
emphasizing that funds should be channeled to market entities in full. Coverage of inclusive finance should be expanded to extend effective
financial services to micro, small and medium-sized firms, as well as
struggling sectors. Li called for accelerating development of new growth drivers with
efforts to motivate market forces and explore new business models. Local government should rev up the integration of online and offline
consumption, promote the coordinated growth of new and traditional
consumption and fuel economic growth with consumption potential, Li
said. He also underlined the importance of deepening the reforms of
streamlining administrative approvals, delegating power to lower levels
and improving regulations and services to spawn and nurture new market
entities, as well as to enhance the resilience and vitality of the
economy. In the meantime, Li stressed securing people's basic livelihoods and
advancing the employment of college graduates, migrant workers and other
key groups. Enditem
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