RECOVERY IMPETUS?
Wen's promise on economic growth sent Asian shares slightly higher.
Even though Chinese exports dropped 16 percent last year, China still overtook Germany to become the world's largest exporter. Many domestic companies have become beneficiaries of China's latest stimulus measures.
TCL Corporation's Li said his company seized the opportunity of market recovery and regained profits after experiencing overseas business chill, thanks to a raft of measures including adjusting export tax rebates and maintaining stability of yuan's exchange rate.
"Our good momentum has extended to the start of this year. Currently, we have received a great deal of orders. Our products are in short supply,a sharp contrast against the same period last year," he said.
However, Wen warned there is "insufficient internal impetus driving economic growth," with other obstacles such as "weak innovation capability" and "serious overcapacity problems."
Wen said the government will strictly control expenditures and new projects, and prevent "image and vanity projects."
He also vowed to fight corruption, saying officials "must resolutely" implement the central leadership’s regulations on reporting the main facts concerning their personal financial situations and property, including their incomes, housing and investments, as well as the jobs of their spouses and children.
Wen also promised to "create conditions for people to criticize and oversee the government."
Related:
Chinese leaders join gov't work report deliberation, calling for economic transformation
BEIJING, March 5 (Xinhua) -- President Hu Jintao and other Chinese leaders on Friday joined deputies to the National People's Congress (NPC), China's top legislature, in deliberating the government work report, calling for efforts to facilitate the transformation of the pattern of economic development.
The NPC kicked off its annual session Friday morning as about 3,000 deputies from across the country heard and deliberated the government work report delivered by Premier Wen Jiabao. Full story
