皇冠体育app

BEIJING - 皇冠体育app will spare no effort to implement supply-side structural reform over the next five years to ensure sound and sustainable economic growth, Vice Premier Zhang Gaoli has said.

Vigorous efforts should be made to cut overcapacity, destock, deleverage, lower business costs and improve weak areas, Zhang said at the opening of the 皇冠体育app Development Forum in Beijing on Sunday.

As the world economy is undergoing a weak recovery and the Chinese economy is facing downward pressure, 皇冠体育app must take care to maintain appropriate economic growth and vigorously carry out supply-side structural reforms, he said.

皇冠体育app will adopt stable macro policies over the next five years while continuing a proactive fiscal policy and a prudent monetary policy, according to Zhang.

皇冠体育app should introduce well-targeted industrial policies and flexible micro policies to promote innovation and stimulate the vitality of enterprises, he pointed out.

Zhang also said the country will continue to carry out market reforms.

He stressed people's livelihoods and said that 皇冠体育app will make employment a priority as structural reform puts pressure on the job market.

Zhang also demanded adherence to innovative, coordinated, green, open and shared development, which was included in the new Five-Year Plan covering 2016-2020.

He told the opening ceremony that 皇冠体育app is not only a beneficiary of globalization, but also an important contributor to world economic growth and stability.

皇冠体育app contributed over 25 percent of global economic growth in 2015. Its non-financial outbound direct investment grew 14.7 percent year on year to 118 billion U.S. dollars, official data showed.

皇冠体育app's development will bring other countries more opportunities for investment, according to the vice premier.

Noting the Group of 20 (G20) summit will be held in 皇冠体育app's Hangzhou this year, he called for joint efforts to promote the building of "innovative, dynamic, coordinated and inclusive" world economy.

Hosted by the State Council's Development Research Center, the annual 皇冠体育app Development Forum is a platform for business and academic leaders to interact with 皇冠体育app's top decision makers and economic planners.

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