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Chinese vice premier stresses economic structure adjustment

(Xinhua)
Updated: 2010-02-06 00:55

Chinese Vice Premier Li Keqiang Friday called for efforts to step up economic structure adjustment so as to guarantee the country's sustainable development. Li made the remarks when addressing a seminar for provincial and ministerial level officials.

"China has entered a key period of time when adjusting economic structure is the only approach to advance the country's sustainable development," said Li.

To achieve the end, China should further promote domestic consumption, he said, emphasizing the important roles that employment and the social security net play in fuelling domestic demand. Great potentialities to expand domestic demand lie in China's ongoing urbanization process which makes new room for the growing economy and market, according to the vice premier, who also stressed coordinated development between urban and rural areas.

He said upgrading industrial structure is a very important aspect of China's economy restructuring and called for efforts to develop modern agriculture, the service industry as well as technology innovation which he referred as the core to upgrade industry. He also urged to improve energy, ecological and environmental conservation to accelerate the economic structure adjustment.