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The
Chinese economy is operating within an appropriate range and China continues to
lead the world in terms of growth, said Premier Li Keqiang .In the afternoon of
August 28, Premier Li Keqiang chaired a State Council special meeting in
Zhongnanhai to discuss developments in global economic and financial field and
their implications for China and policy responses.
Attending
the meeting were leading officials of the State Council and ministers in charge
of related economic and financial departments. They discussed the current
situation and raised suggestions for the next step of work. After attentively
listening to the discussions, Premier Li shared his observations.
He
said that recent fluctuations on the international market have an impact on
China, yet the Chinese economy is still operating within an appropriate range
and China continues to lead the world in terms of growth.
Li
said, recent world market volatility has added new uncertainties to global
economic recovery. The implications are growing for China's financial market as
well as imports and exports, adding new pressure on the Chinese economy. Li
said, in the context of complex and changing situations abroad and deep-rooted
problems at home, we pressed ahead with progress while ensuring stability with
sustained efforts for structural reforms and targeted macro-regulation
measures. These included, among others, cuts in the required reserve ratio,
interest rates, taxes and fees and measures aimed at stabilizing the market,
which are already paying off.
Positive
factors enabled by structural adjustments are topping up momentum for growth.
The Chinese economy is operating within an appropriate range and China
continues to lead the world in terms of growth. China has great potential for
further development and is well capable of effectively managing risks and
keeping them under control. This means China will continue to keep the
initiative in hand even at times of complexity, he said. Li said that a host of
new measures of reform and development are adopted to add new impetus to
economic development and stabilize market expectations.
On
economic work in the coming months, Li said, we should not lose sight of the
steady, positive trend and should stand firm in our conviction. At the same
time, we should face challenges head on, be well-prepared and adaptive for
uncertainties, and do whatever we can to maximize the positive factors and
defuse the negative ones. The key is delivering results from decisions already
made, with top priority given to development. We should fully mobilize
governments at both the central and local levels while the proactive fiscal
policy and prudent monetary policy will stay in place.
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