Premier Li Keqiang's keynote speech at 10th China-ASEAN Expo (5)

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Ladies and Gentlemen!

Here, let me introduce the current economic situation of China. Since the beginning of this year, we have been confronted with a complicated situation with economic downward pressure and a sluggish external market. We sized up the situation and stayed calm. We stabilized macro-economic polices and timely clarified the reasonable range of the Chinese economy. We coordinated tasks of stabilizing growth, restructuring the economy and promoting reforms. We conducted our work in a systematic, comprehensive, and targeted way to unleash dividends of reform initiatives. We actively promoted the work to optimize economic structure and gave full play to the market mechanism. We firmly moved towards this orientation. Even with increasing downward pressure, we addressed problems through reforms, and we ensured that major economic indicators are above a floor level and under a ceiling through structural adjustment. These measures, which address the present issues as well as long-term problems, and draw on China's advantages and avoid disadvantages, have started to show positive effects. Chinese economy maintained steady growth in the first half of the year. Recent data showed that employment and consumer prices are stable in China, a bumper harvest is expected, and there is pickup in industrial production, foreign trade and foreign investment utilization figures. The market expectation is improving, and the confidence is increasing. Of course, we can not slack off and take the situation lightly. We are fully aware that a number of difficulties and challenges are ahead. Some are foreseeable and some are not. But we have conditions and capabilities to achieve main tasks for this year's social and economic development. We are determined to lay a good foundation for China's economic development in the next year, in the future and for the country's long-term, sustainable and healthy economic development. China's development will not only improve the well-being of the Chinese people, but also bring more development and market opportunities to other countries including ASEAN nations.

China and Southeast Asian countries had been linked by the ancient maritime Silk Road more than 2,000 years ago, and now we are relaying the historic glory. The past decade has seen the China-ASEAN Expo and the China-ASEAN Business and Investment Summit grow and prosper at a fast speed, and we hope it will keep going smoothly. In Chinese, the name of the expo venue "Nanning" carried the meaning of "peace and tranquility in the south". For the 1.9 billion peace-loving, hardworking, and intelligent people in China and the ASEAN, a stable environment promises prosperity and power. I believe China and the ASEAN will see our road of cooperation become wider and our mutually beneficial outcomes more plentiful and substantial.

Finally, I wish our guests every success in your work and good health during the expo and the summit, and I wish the tenth China-ASEAN Expo and the China-ASEAN Business and Investment Summit a complete success!

Thank you.

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