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Premier Li Keqiang delivers his government work report in Beijing yesterday. — Xinhua
ECONOMIC reforms are high on the government’s agenda this year, Premier Li Keqiang told the National People’s Congress yesterday Air Max 90 EZ Sale , adding that the country’s growth rate target had been lowered to rebalance the economy during a year of possible “formidable difficulties.”
The target for 2015 is around 7 percent, compared with last year’s 7.5 percent target, Premier Li said as he delivered the government’s work report at the annual session of the NPC.
“China will stabilize and improve its macroeconomic policies to make sure its growth is within a reasonable range Air Max TN Black Sale ,” Li said. “We will pay more attention to fine-tuning policies in accordance with the real growth and accelerating reforms to rebalance the economy.”
Li said the target for 2015 takes into consideration what is needed and what is possible.
“This target is both aligned with our goal of constructing a moderately prosperous society and is appropriate in terms of the need to grow and upgrade our economy,” Li said.
“It is also in line with the conditions in China.”
Last year, China’s gross domestic product expanded 7.4 percent from a year earlier Air Max TN Mens Sale , the weakest expansion since 1990. In the year ahead, Li said, the difficulties China could face may be “even more formidable” than in 2014 Air Max 95 Black Sale , with downward pressure on the economy building up and deep-seated problems in development surfacing.
Li said China will continue to implement a proactive fiscal policy and a prudent monetary policy while paying greater attention to anticipatory adjustments.
Meanwhile, it was imperative to intensify structural reform and bolster efforts to implement the strategy of pursuing innovation-driven development.