China's emphasis on developing new quality productive forces based on local conditions and accelerating the establishment of a modern industrial system will provide strong momentum for long-term economic growth while enhancing the resilience and competitiveness of its industrial and supply chains, national legislators, political advisers and experts said. They called for efforts to boost enterprises' independent innovation capabilities, achieve breakthroughs in core technologies in key fields, and drive industrial upgrades by integrating cutting-edge digital technologies with the real economy.
President Xi Jinping (center), who is also general secretary of the Communist Party of China Central Committee and chairman of the Central Military Commission, and other leaders attend the opening meeting on Wednesday of the third session of the 14th National People's Congress at the Great Hall of the People in Beijing. (Li Xueren/Xinhua) China is keeping the GDP growth target for 2025 unchanged at "around 5 percent", the Government Work Report said on Wednesday, while launching significant steps unseen for more than a decade to broadly invigorate domestic demand amid an increasingly complex and severe external environment.
BEIJING, March 5 (Xinhua) -- China will step up efforts to facilitate financing for private enterprises and micro and small enterprises, Li Yunze, head of the National Financial Regulatory Administration, said Wednesday. China will increase the supply of credit to private enterprises, and reduce overall financing costs to deliver more benefits to businesses, Li said on the sidelines of the ongoing session of the national legislature.
President Xi Jinping takes part in a deliberation on Wednesday with his fellow deputies from the delegation of Jiangsu province at the third session of the 14th National People's Congress in Beijing. (Sheng Jiapeng/China News Service) President Xi Jinping underlined on Wednesday the need for Jiangsu province, one of China's economic powerhouses, to lead the integration of sci-tech and industrial innovation, the deepening of reform and high-level opening-up, and the nation's common prosperity drive.
