"China has to be consistent in its macro economic policies since the foundation of the country's stabilizing economy still needs to be consolidated and the external economic environment remains complex and changeable," Liu Shucheng, a researcher with the Chinese Academy of Social Sciences.
Wang Tongsan, another researcher with the academy, said expanding domestic demand should focus on boosting consumption, however, investment should not be neglected.
"As there is still the haunting effect of the European debt crisis and the world economy waiting for a stimulant, China needs to overcome the negative influences by boosting its domestic demand and investment at the same time," Wang said.
Zhang Liqun, an analyst with the Development Research Center of the State Council, a government think tank, said the meeting explicitly expressed its support for companies in leading major national scientific and technological projects with clear industrial goals.
"The key for innovation lies with the companies. They can incorporate new technologies with demand from the market. By letting companies take the lead role, innovation can finally become a driving force for the industry to upgrade," he said.
Feedback
RSS
