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China to Continue Strong Momentum in Economy: Economist
One of China's leading economists Wu Jinglian said Wednesday that China's economic development will maintain a strong momentum this year so long as the central government continues to implement its pro-active monetary policy to stimulate domestic needs.
China's national economy took a favorable turn last year, benefiting from the government's policies for spurring domestic demand and supply, Wu Jinglian, research professor at the Development Research Center under the State Council, said at a strategic forum hosted by the Chinese Academy of Sciences (CAS).
Wu agreed to deepen the restructuring of state-run enterprises, invigorate non-governmental business and speed up development of high technology industries.
The knowledge-based economy worldwide needs effective management systems, which can help exert the innovation ability of scientists and technologists, said Wu.
The well-known economist cited Shenzhen and Beijing as two cities which focus on administerial reform to ensure the smooth advancement of high-tech industries.
Shenzhen is now a leader in manufacturing information technology products and Beijing's Zhongguancun High-tech Zone encourages technical people to run their own businesses, Wu said.
Wu also urged the whole country to better its legal and administrative system to keep abreast of the development of the market economy.
The CAS always invites well-known scholars, both domestic and overseas, to give lectures on hot economic and scientific issues to its research fellows.
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