Premier Li: Chinese economy to keep steady growth and speed up transformation

Premier Li Keqiang makes a keynote speech at the Sixth China and Central and Eastern European Countries Economic and Trade Forum in Riga, Latvia on Saturday. Provided to chinadaily.com.cn

Premier Li expressed confidence that China will surmount all difficulties confronting the Chinese economy, maintain steady growth and speed up its economic transformation.

According to the premier, this would be made possible by China's vigorous efforts to adapt to the economic "new normal" and pursue supply-side structural reform while appropriately expanding aggregate demand. This has bolstered the internal development momentum of the Chinese economy.

China has consistently followed proactive fiscal policy and prudent monetary policy, and adopted new methods of macroeconomic regulation, he said.

China has endeavored to advance economic restructuring and foster new drivers of growth through energetic reform, opening-up and innovation, and China seeks to apply market-oriented and rules-based methods to forestall and defuse risks, he said.

"Looking ahead, the Chinese economy enjoys great potential, solid strength and ample room for maneuver. It is well-positioned to sustain a medium-to-high growth rate and move to a medium-to-high level of development. We have every confidence in achieving this goal," the premier added.