ˇˇˇˇBEIJING, March 7 (Xinhuanet) -- The Chinese government's goal for a 7-percent
economic growth in year 2003 is absolutely attainable, said officials and
lawmakers attending the ongoing First Session of the 10th National People's
Congress (NPC) in Beijing.
ˇˇˇˇIn his Government Work Report to the First Session of the NPC, China's top legislature,
Premier Zhu Rongji said that based on the overall analysis of the
situation at home and abroad, China has set the target for 2003 economic growth
at around seven percent.
ˇˇˇˇ"This growth rate is both necessary and achievable through hardwork," the
premier added.
ˇˇˇˇ"Generally speaking, China's economic development will enjoy a fairly
favorable domestic and global environment," said Xu Xianchun, director of the
accounting and liquidation department under the National Statistics Bureau.
ˇˇˇˇAfter more than two decades of reform and opening-up, China has made
sufficient accumulation in terms of infrastructure facilities,human resources
and capital reserves to back a sustained rapid growth of the national economy,
said Xu.
ˇˇˇˇ"Compared with other countries in the world today, a 7 percent growth is
already very impressive," said Tang Xiuting, an NPC deputy from China's
northernmost Heilongjiang province. "Actually,many countries will be more than
contended if their economies could grow by 6 percent annually."
ˇˇˇˇHowever, he said, it is essential for China to maintain a fairly high
growth rate, as the 16th National Congress of the Communist Party of China
(CPC), held in Beijing last November, hadset forth the ambitious goal of
quadrupling the country's GDP (gross domestic product) level of year 2000 in 20
years.
ˇˇˇˇ"This means that in the next two decades, the Chinese economy has to
maintain an annual growth of nearly 7.2 percent," he added.
ˇˇˇˇSome lawmakers from northwestern Gansu province also acknowledged that it's
the need of curbing unemployment and maintaining social stability to keep
China's economic growth at a high level.
ˇˇˇˇAs China recorded an 8 percent growth rate in 2002, many NPC deputies hold
this year's projected growth target is a "fairly modest" one, with all negative
factors and possible difficulties taken into account.
ˇˇˇˇWhile the internal demand, or domestic consumption, remains weak, the
prospects for a global economic recovery are also not evident, especially in the
shadow of a possible war on Iraq, said the deputies.
ˇˇˇˇMoreover, although the first year has gone by since China's entry into the
World Trade Organization, it's still necessary to prepare itself for more
challenges or the emergence of certain unexpected negative impact, they added.
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