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People's Daily Online>>China Politics

Vice-premier promotes innovation

(China Daily)

11:25, December 03, 2011

TIANJIN - Unswerving efforts should be made to promote institutional and technological innovation in transforming China's economic growth pattern, Vice-Premier Li Keqiang said.

Innovation is the key to stimulating domestic demand, increasing the impetus for growth and coping with risks and difficulties, Li said during his inspection tour in the northern port city of Tianjin from Thursday to Friday.

When visiting the Tianjin Institute of Industrial Biotechnology and the Chinese Academy of Sciences, Li said that innovation is vital, in particular in the face of the current complicated and more severe international environment, which holds increasing uncertainties.

"If enterprises want to survive and develop, they should expand domestic demand in the processing of opening-up, while changing to the innovation-driven development model," Li said, adding that capital, resources and the talented should also be centralized for innovation.

"An enterprise with more core technology, talented employees and proprietary brands will be better equipped to overcome market risks, and our national economy will be more competitive in this way. Meanwhile, such enterprises will be helpful in transforming the economic growth and industrial structure," he said.

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