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China’s Premier Li says need to expand domestic demand, deepen supply-side reforms

China’s Premier Li says its necessary to

  • Implement requirements of high-quality development in all fields and aspects of economic and social development
  • Promote high-quality development as the theme, reform and innovation as the fundamental driving force, meet the people’s growing needs for a better life
  • Focus more on strengthening the domestic cycle, coordinate the implementation of the strategy of expanding domestic demand and deepen supply-side structural reforms
  • Hedge uncertainty of the international cycle with the internal stability and long-term growth of the domestic cycle
  • Promote the deep integration of scientific and technological innovation and industrial innovation, and accelerate the development of new quality productive forces – state media
  • Pay attention to improvement of people’s livelihood with expansion of domestic demand, cultivate new economic growth points in solving the problems of the masses
  • Better coordinate development and security, and ensure the new development pattern with a new security pattern
  • Strengthen the construction of long-term mechanisms for risk prevention
  • Make response plans and policy reserves, firmly adhere to the bottom line of no systemic risks
  • Ensure high-quality development with a high level of security

This article was written by Eamonn Sheridan at investinglive.com.

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