BEIJING, Aug. 25 (Xinhua) -- China needs to stress economic restructuring while
aiming at higher economic growth, according to a report submitted Tuesday to
China's law makers.
The report was delivered by Zhang Ping, Minister of
the National Development and Reform Commission, the top economic planning
agency, to the 10th session of the Standing Committee of the 11th National
People's Congress (NPC), the top legislature.
"The country should continue to promote economic
restructuring and change its growth mode while it strives to maintain a high
growth rate," Zhang said in the report.
In the current economic situation, policy support was
necessary to encourage firms to innovate, adjust their structure, and strengthen
management, said Zhang.
"An acceleration in the transition of the country's
growth mode and structural readjustment is directly linked to the country's
ability to stand out amid increasingly fierce global competition, achieve
sustainable development, and maintain social stability in the long run," said
Zhang.
China would accelerate reforms of income
distribution, pricing of resource products, fiscal and tax systems.
The government would also improve the evaluation of
officials by putting more weight on performance in improving people's living
standards and ensuring the quality of economic growth.
Zhang said in the report that the government would
continue industrial restructuring and stimulus plans, and urge firms to innovate
in key technologies, with a pledge of financial support.
The government would continue to conserve energy and
curb emissions and pollutants, said Zhang.
It would focus on narrowing the income gap between
urban and rural residents and between western and eastern regions in a bid to
expand domestic consumption, he said.
Consumer spending contributed 53.4 percent of the
country's gross domestic product in the first half, up from 45.7 percent a year
before, as the government shifted to expand domestic consumption to fuel the
growth, said Zhang.
In a separate report delivered at the same session
Tuesday, Zhang said China's economic recovery was still unstable, not
consolidated and unbalanced despite "positive changes" in the economy, echoing
similar comments made by Premier Wen Jiabao a day earlier.
Zhang said falling exports had delt a heavy blow to
the national economy, and external demand remained weak with the world economy
still in recession and expecting a slow recovery.
China's exports seemed unlikely to repeat the fast
and sustainable growth they had before the crisis, with rising protectionism and
United States and European countries trying to correct over-consumption, Zhang
said.
Zhang said the government would maintain its macro
economic policies to further boost domestic demand, promote industrial
restructuring and improve social security.
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