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Chinese premier stresses efforts to strengthen market vitality for development

Abstract : Chinese Premier Li Keqiang has underlined efforts to further advance reform and opening-up, strengthen market vitality and actively deal with changing domestic and external situations for pushing forward the country's stable and sound economic development.

Chinese Premier Li
Keqiang, also a member of the Standing Committee of the Political
Bureau of the Communist Party of China Central Committee, inspects the
Ningbo-Zhoushan port, a major transit area for bulk commodities in
China, in Ningbo City, east China’s Zhejiang Province, May 24, 2021. Li
made an inspection tour to the city of Ningbo in east China’s Zhejiang
Province from Monday to Tuesday. (Xinhua/Huang Jingwen)

HANGZHOU, May 25 (Xinhua) — Chinese Premier Li Keqiang has
underlined efforts to further advance reform and opening-up, strengthen
market vitality and actively deal with changing domestic and external
situations for pushing forward the country’s stable and sound economic
development.

Li, also a member of the Standing Committee of the Political Bureau
of the Communist Party of China Central Committee, made the remarks
during his inspection tour to the city of Ningbo in east China’s
Zhejiang Province from Monday to Tuesday.

When inspecting the Ningbo-Zhoushan port, a major transit area for
bulk commodities in China, Li called for paying close attention to the
cyclical changes in the world economy and commodity price fluctuations
in the international market.

China should expand opening-up, further promote the facilitation of
customs clearance and conduct free and fair trade, he said, adding that
the country should give full play to the advantages of the port and use
market-oriented methods to improve the import, storage and trading of
bulk commodities.

Li spoke with managers of several manufacturing enterprises to learn
about the impact that upstream price changes in raw materials had had on
their businesses.

He said that rising commodity prices would not only bring excessive
pressure to large and medium-sized manufacturing enterprises but also
affect the small, micro and individual businesses, adding that
consumption activities downstream would also be affected.

Li called for making good use of policies, such as tax and fee cuts
and inclusive financing, to support market entities, and ramping up
market regulation to slow down the transmission of rising costs to the
downstream sectors.

Enterprises should also pay attention to tapping into their
potentials and drawing on innovation to relieve cost pressures and
improve competitiveness.

During his visit to a government service center in the city, Li
stressed that the country should relieve the pressure on enterprises,
continue improving its business environment, and create a fairer market
for competition.

He also inspected a talent resource market to learn about the local
employment situation. While visiting a local company, he encouraged it
to develop more new products enjoyed by consumers. Enditem

About Xinhua Silk Road

Xinhua Silk Road (en.imsilkroad.com) is the Belt and Road Initiative (BRI) portal.China’s silk road economic belt and the 21st century maritime silk road website,includes BRI Policy, BRI Trade, BRI Investment, Belt and Road weekly, Know Belt and Road, and the integrated information services for the Belt and Road Initiative (BRI).

Source: Chinese premier stresses efforts to strengthen market vitality for development

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