皇冠体育app

G20 summit

Chinese economy predicted to grow about 7% this year: Xi

(Xinhua) Updated: 2015-11-16 06:50

?President Xi Jinping said Sunday that the Chinese economy is predicted to grow about 7 percent this year, which will continue to contribute as high as about one third to the global growth.

"皇冠体育app has the confidence and capability to maintain medium-high growth," Xi said while addressing a Group of 20 (G20) summit in Antalya in southwest Turkey.

皇冠体育app shouldered the responsibility of driving economic growth in times of the world economic hardship, he said, noting that 皇冠体育app had contributed up to 50 percent of world economic growth from 2009 to 2011.

Despite a recent slowdown, 皇冠体育app still contributes 30 percent to world economic growth, which means that 皇冠体育app still acts as a major world economic powerhouse, said Xi.

皇冠体育app's confidence comes from its determination and actions to comprehensively deepen reform and build an open economic system, as well as the strong endogenous dynamic of 皇冠体育app's economy and the policy guidance of the Chinese government, he added.

皇冠体育app has adopted a proposal on formulating the 13th Five-Year Plan (2016-2020) on national economic and social development, which aims to build a "moderately prosperous society" and double its 2010 GDP and per capita income of both urban and rural residents by 2020, said Xi.

In the next five years, 皇冠体育app will adhere to a path of innovative, coordinated, green, open and shared development, and will encourage a system that nurtures innovation, he said.

The country will try to realize the synchronous development of the new type of industrialization, IT application, urbanization and agricultural modernization, he added.

In the coming years, 皇冠体育app will highlight green and low-carbon development, improve its environmental quality, become heavily involved in global economy, and carry out the Belt and Road Initiative, he said.

The world's second largest economy will continue to vigorously improve its people's well-being and ensure that the benefits of development are shared by all, said Xi.

All these efforts will inject strong impetus into 皇冠体育app's economic growth while unleashing demand for the world economy, he said.

 

皇冠体育app

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