Economy

Chinese VP stresses transformation of economic growth mode

(Xinhua)
Updated: 2010-06-23 10:29

BEIJING - Chinese Vice Premier Li Keqiang has said the transformation of the country's economic growth pattern is a significant change for the country that needs "new ideas and innovative approaches."

"The transformation of the economic growth pattern is a comprehensive and profound change, and it involves new ideas and innovative approaches. We must accelerate reform and opening-up in order to achieve it," Li said at a meeting of the Chinese People's Political Consultative Conference (CPPCC) to solicit proposals for the country's 12th five-year (2011-2015) plan.

Li, also a member of the Standing Committee of the Political Bureau of the Communist Party of China Central Committee, said that the transformation is essential for the sustainable development of the country's economy.

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"Currently, the country's economic development is at a new starting point. In the new situation, we must seize opportunities and walk forward against various difficulties to consolidate the good momentum for economic recovery..." he said.

The four-day meeting, starting Tuesday, was presided over by the country's top political advisor, Jia Qinglin.

Jia urged all CPPCC members to contribute to the making of the five-year plan with valuable proposals on key issues.