Chinese Premier emphasizes on strong efforts to achieve yearly development objectives

Chinese Premier Li Qiang emphasized the need for thorough work in implementing reform measures to achieve annual economic and social development goals during the fifth plenary meeting of the State Council. Li highlighted the importance of further deepening comprehensive reforms, with a focus on economic structural reform as the spearhead. He called for strengthening fiscal and tax reform, creating a unified national market, and advancing new urbanization.

Li also urged efforts to boost economic recovery by expanding domestic demand, particularly through enhancing consumption. He emphasized the importance of improving service consumption in both scale and quality, with tailored support policies to unleash consumption potential. To stimulate investment, he emphasized leveraging government investment effectively and supporting private investment.

The premier stressed the need for communication and exchange between the government and businesses, as well as developing new quality productive forces and supporting the application of new technologies. Li also called for improved high-standard opening up, attracting foreign investment, stabilizing employment, and increasing residents’ income.

In conclusion, Li emphasized the importance of a law-based government that maintains the order of the socialist market economy to create a favorable business environment for all market entities to innovate and develop.

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