Two Sessions: China to transform its economic growth model
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China's economy is at a pivotal period as it transforms its model for growth, with structural improvements and a shift to new growth drivers. Our reporter Su Yuting spoke with NPC deputies about their insights on China's economic development.
China has set its goal for GDP growth at around 6.5 percent. Premier Li Keqiang said that target will enable China to achieve relatively full employment. The country has been striving for higher quality, more efficient, fairer, and more sustainable development in recent years. NPC Deputies believe the country's future development will gain momentum from the government's new policies.
XU JINGREN NPC DEPUTY "Now the principal contradiction facing Chinese society is between unbalanced and inadequate development and the people's ever-growing needs for a better life. All our work is for the people. Premier Li Keqiang was applauded several times when he mentioned issues that concern the people. The government will ensure people's lives keep getting better along with the country's economic development."
WEI HONGYI NPC DEPUTY "I think the main targets indicated that China has become more confident in boosting its economic development. The country has set the surveyed urban unemployment rate within 5.5 percent, and the government work report also mentioned efforts in the three critical battles against potential risk, poverty, and pollution. Those battles are significant for achieving a decisive victory in building a moderately prosperous society in all respects."
WITMAN HUNG NPC DEPUTY "Since a few years ago, we've already had the new normal. Our GDP growth rate used to be very high at around 10 and 12 percent. Now we have set a target of 6.5 percent. We are moving from high-speed to moderate but more inclusive and sustainable growth."
SU YUTING BEIJING "China's contribution to global economic growth has exceeded 30 percent. New policies will be taken to strengthen supply-side structural reform. Many believe the world's second largest economy is set to unleash tremendous potential on a global scale. Su Yuting, CGTN, at the Great Hall of the People in Beijing."