Li Keqiang: The Transformation Of China's Economic Development Mode Is Urgent.

Distinguished guests, ladies and gentlemen, friends, I am delighted to attend this year. China Development Forum To surprise everyone at the conference, last night, China's Beijing made the first real snow or snowy scale since last winter. This is a good omen. It brings good weather to food production and urban environment improvement. People will have good mood and good suggestions will be made in good mood. In recent years, China's development forum has been around the world and China's economic development, especially in response to the financial crisis, and has made a lot of good suggestions. The theme of this forum is the macroeconomic and structural adjustment of China and the world. The theme itself has strong pertinence, reality and long-term significance. On behalf of the Chinese government, I would like to extend my warm congratulations on the convening of the forum and extend a warm welcome to the distinguished guests.

China's economy and the world economy have been highly integrated, and their mutual influence has deepened day by day. China's economy has maintained relatively rapid growth, the overall situation is stable, and the fundamentals of long-term good progress have not changed. But China is still the largest developing country in the world, and the problem of unbalanced and uncoordinated development in developing countries is still outstanding. A few days ago, the fifth session of the eleven National People's Congress approved the report on the work of the government and made a comprehensive arrangement for economic and social development. We will grasp the general keynote of steady progress in accordance with the requirements of the theme line of "12th Five-Year development" and this year's work arrangements, strengthen and improve macroeconomic regulation and control, improve the pertinence, flexibility and foresight of policies, so as to maintain stable and rapid economic development and basically stabilize the overall price level. And strive to make new breakthroughs in changing the way of development, deepening reform and opening up, and ensuring the improvement of people's livelihood. Strategic readjustment of the economic structure is the main direction for China to accelerate the transformation of the mode of economic development, and is also the key goal for this year's economic and social development. Promoting structural adjustment is conducive to stimulating the vitality and driving force of economic growth, enhancing the sustainability of development, enhancing the ability to resist risks, enhancing effective supply, restraining unreasonable demands, promoting common balance, promoting economic transformation and mode innovation, improving the quality and efficiency of development, and promoting the coordinated development of economy and society.

At present, we will make further efforts in many aspects, especially in the following key aspects: first, foothold. Expand domestic demand Expanding domestic demand is the strategic base of China's economic and social development, especially in this year's international market, and expanding domestic demand is of great practical significance to China. China's urbanization of expanding domestic demand is the greatest potential. Last year, the proportion of urban population in China has exceeded 50%, but it is still far below the level of developed countries and lower than the world average. We will co-ordinate urban and rural development and actively and steadily push forward urbanization with the strict protection of cultivated land, food security and continuous improvement of production and living conditions in rural areas, and promote the coordinated development of industrialization, urbanization and agricultural modernization, so as to achieve "three modernisation" simultaneously. This will release huge consumption potential, drive investment expansion and related industries development, and promote sustained economic growth. To expand domestic demand, we need to put the service industry in a more prominent position. Compared with the developed countries and the developing countries with the same income level, the proportion of China's service industry is obviously low. We should speed up the development of production and life service industries while vigorously developing advanced manufacturing and hi-tech industries, so that not only can a large number of jobs be accommodated, but also can enhance the level of industrial development, which is an effective way to expand the real economy.

The two is strengthening. Innovation driven 。 Innovation is the greatest vitality of economic and social development. To promote economic restructuring, we must persist in taking enterprises as the main body, taking the market as the guidance, strengthening government guidance, enhancing investment in all aspects, comprehensively promoting technological innovation, management innovation and product innovation, and enhancing the ability of economic independent growth and innovation drive, so as to achieve structural and industrial upgrading. China's R & D spending is expected to reach 1 trillion yuan this year, which will support innovation and technological innovation. Innovation requires talents and development requires high-quality workers. After years of efforts, China has nurtured tens of millions of scientific researchers and engineers, and has hundreds of millions of hardworking and skilled industrial workers. Every year, millions of university graduates enter the front line of work. We will strive to transform the characteristics of large population into human resources and the advantages of human resources, and comprehensively promote scientific and technological innovation, increase the protection of intellectual property rights, encourage innovation and creation, and promote economic growth, mainly from the consumption of material resources, mainly to the progress of science and technology, the improvement of laborers' quality and the management innovation, so as to lay a solid foundation for the long-term and steady and rapid development of the economy.

Three is to rely on Reform and Opening-up 。 China's economic development has reached the critical stage of changing the mode of economic development. The way of transformation is fundamentally based on the innovation of system and mechanism. Reform and opening up is the fundamental driving force for economic transformation and modernization drive. At present, China's reform has entered a critical stage. We will deepen reforms in finance, taxation, finance, prices, enterprises, and income distribution system, and strive to make breakthroughs in key areas and key links, better play the fundamental role of the market in resource allocation, resolutely break down the institutional obstacles restricting economic and social development, and enhance the endogenous driving force for development. China's expansion of domestic demand and the transformation of innovation are carried out under the conditions of opening wider to the outside world. We should not only expand domestic demand, but also stabilize and expand exports. In the process of promoting the balance of imports and exports, we should innovate the way of introducing foreign capital and foreign investment, and provide a good environment for all kinds of enterprises to compete fairly and develop together. Today, many entrepreneurs at home and abroad are very concerned about the development of China's open economy. I can also tell you here that I wish China's foreign trade volume and foreign direct investment will increase by two figures this year, and total imports will exceed US $1 trillion and 900 billion. Such a large figure will provide huge business opportunities for foreign enterprises to participate in equal competition in the Chinese market. More importantly, during the "12th Five-Year" period, according to our calculations, China's total import and export volume could reach more than 10 trillion dollars in line with the steady growth momentum, which is undoubtedly brewing huge business opportunities and potential.