Off the wire
• China Focus: Villagers relocated for SW China telescope visit former home  • More than 60 pct of Chinese read via WeChat  • Indonesian airlines to open 6 new routes to China  • Indonesia moves to ease high loading costs at sea ports  • Illegal wildlife trafficking occurs in nearly 30 pct of world's most protected areas: WWF report  • Experts propose park at China sunken treasure excavation site  • China allows more banks to securitize non-performing assets  • Wang Yi meets Vietnamese deputy PM  • 2 arrested in France over "imminent terrorist attack" on election eve  • Dortmund coach Tuchel hopes for Reus-inspired energy boost  
You are here: 　 Home

China's premier stresses shift of growth engines

Xinhua, April 18, 2017 Adjust font size:

Chinese Premier Li Keqiang on Tuesday stressed the importance of accelerating the shift from traditional economic growth engines to new ones.

Li made the remarks at a symposium on new development ideas and developing new growth drivers at the Chinese Academy of Governance, attended by senior government officials and business leaders.

Faced with a challenging world economic recovery and relatively heavy downward pressure in the domestic economy, the old growth pattern will not be able to continue, said Li.

China must speed up replacing old growth drivers with new ones if it wants to transform and upgrade the economy, Li said, adding that the key to the shift of growth drivers lies in technology.

The focus should be on new technology, new industries and new business models, supported by the development of new production factors including knowledge, technology, information and data, the premier said. Endi