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People's Daily Online>>China Politics

Parliament session starts, China to 'make progress while maintaining stability' (2)

(Xinhua)

10:29, March 05, 2012

The unemployment rate remains high in major developed economies, and they lack impetus for growth. Emerging economies face the dual pressures of inflation and slowing economic growth, the report said.

Domestically, it has become more urgent but also more difficult to solve institutional and structural problems and alleviate the problem of unbalanced, uncoordinated, and unsustainable development, it added.

Despite all the challenges, Wen noted that China is still in "an important period of strategic opportunities" for development, and there are a number of favorable conditions to maintain steady and robust economic development for a long time.

Industrialization, urbanization and agricultural modernization are proceeding rapidly, and improvements in the consumption pattern and the industrial structure will create huge potential demand, he said.

China still has its traditional strengths in economic development, as well as rich human resources and a more skilled workforce, he said.

"We have a good balance between government revenue and expenditures and a sound financial system, and there is ample nongovernmental capital," he said.

This year, the Chinese government will "make progress while maintaining stability", the premier stressed.

【1】 【2】

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