Chinese vice premier stresses supply-side structural reform

Vice Premier Zhang Gaoli stressed supply-side structural reform and environmental protection during an inspection tour in Jiangxi and Hainan provinces from Monday to Wednesday.

Zhang demanded adherence to innovative, coordinated, green, open and shared development, which was included in the 13th Five-Year Plan for 2016-2020.

China should adopt stable macro policies, well-targeted industrial policies and flexible micro policies while introducing pragmatic reform measures, Zhang said.

Vigorous efforts should be made to cut overcapacity, destock, deleverage, lower business costs and improve weak areas, Zhang said.

He called for efforts to preserve the environment and promote green lifestyles and sustainable economic development.

During his visit to Jiangxi, Zhang told local authorities to promote agricultural development, increase farmers' incomes and create a prosperous countryside.

He also urged more efforts to improve local people's livelihoods and eliminate poverty.

In Hainan, Zhang asked local governments to take an active part in the Belt and Road Initiative, develop the maritime economy and turn Hainan into an international tourist island. Endi