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People's Daily Online>>China Politics

China to promote steady, rapid economic development: Vice Premier

(Xinhua)

10:25, February 05, 2012

BEIJING, Feb. 3 (Xinhua) -- Vice Premier Wang Qishan on Friday said the Chinese government will accelerate the adjustment of China's economic structure and promote steady and rapid economic development.

Wang made the remark while meeting with a group of overseas bankers who attended a ceremony celebrating the centenary anniversary of the establishment of the Bank of China (BOC).

The primary task now is to ensure economic recovery and financial stability, as the current global economic and financial situation is very complex and grim, Wang told the bankers.

He said China has made great contributions to global economic recovery, as the Chinese economy has maintained a momentum of fairly rapid growth.

The government will follow the requirements of the 12th Five-Year Plan to accelerate the transformation of China's economic development pattern and expand domestic demand, Wang said.

The vice premier called on financial circles to make suggestions for international financial system reform and the healthy development of the global financial industry.

The BOC is one of China's major state-owned lenders and one of the world's most systemically important banks.

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