Chinese Vice Premier stresses quality of economic growth

08:58, July 11, 2010      

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Chinese Vice Premier Li Keqiang stressed the quality of economic growth and the transformation of the economic development mode during an inspection tour in Shandong Province from July 8 to 10.

Chinese Vice Premier Li Keqiang (R, front) talks with workers at Yantai Harbor in Yantai, east China's Shandong Province, July 10, 2010. Li made an inspection tour in Shandong from July 8 to 10.(Xinhua/Liu Jiansheng)

He said the country should strike a balance between keeping a stable and relatively fast economic growth, adjust the economic structure and manage inflation expectations while consolidating a continuing recovery momentum.

When visiting a local granary, Li asked farmers and granary workers about grain quality and purchase prices.

He said China sustained a bumper summer crop for the seventh year in a row this year and has abundant supplies of grain, which is conducive to managing inflation expectations, promoting agricultural production and raising farmers' income.

When visiting local manufacturers, a logistics center and a wharf, he hoped that they continue to expand their presence in the global market.

The service industry involves many sectors and can generate lots of jobs, and China has a great potential in developing the service industry, Li said.

He asked local companies to adapt to market changes, raise profitability and accelerate the development of the province's service industry.

Li said some uncertainties still remain in the national and global economies, although the national economy is heading towards the goal of macroeconomic regulation.

He added that the country should maintain continuity and stability in macroeconomic policies and make macro control more flexible and better-targeted during the rest of the year to promote stable and relatively fast economic growth in the long run.

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