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Premier Li stresses economic upgrade, livelihood improvement

12-29-2013 20:37 BJT Special Report:China’s Leaders |
Special Report:CPC Launches Mass Line Campaign |

BEIJING, Dec. 29 (Xinhua) -- China will continue to shore up growth and improve people's livelihood, Premier Li Keqiang said during an inspection tour in Tianjin City.

Chinese Premier Li Keqiang (2nd L), also a member of the Standing Committee of the Political
Bureau of the Communist Party of China (CPC) Central Committee, speaks with young people who
start their own business at an innovation and enterprise service center in Tianjin, north
China, Dec. 27, 2013. Li made an inspection tour to Tianjin recently. (Xinhua/Pang Xinglei)

The tour was partly meant as a New Year greeting and President Xi Jinping had made similar visits to a heat supply company and a nursing home in Beijing on Saturday .

Young people are the new force for business start-ups and innovation, Li said while visiting a Tianjin-Beijing business incubation center.

Their undertakings need the support of reform as well as passion, he said, noting reforms will clear obstacles and create more room for growth.

China will press ahead with slum renovation as it can improve people's livelihood, he said while visiting five families living in a shanty town area of Tianjin.

He called for concerted efforts from both government and the people to ensure families are relocated into new homes as soon as possible.

The government will increase financial support for renovations while private capital is encouraged to contribute, he said.

China will continue with its administrative streamlining efforts, giving more power to the market, he said while visiting a local administrative office for industry and commerce.

In reducing market intervention, the government should exercise effective supervision, he said, noting work such as food safety is of paramount importance and should be done well.

Premier Li called for innovation in financial services, encouraged financial companies to do more to meet the needs of the real economy, and expand their overseas presence as he listened to a report from the financial leasing arm of the Industrial and Commercial Bank of China (ICBC).

While visiting an ICBC counter, he expressed the hope that banks would provide better service for small and medium enterprises, especially those that create employment.

He said China will promote financial reform, making the financial sector better serve the real economy and aid industrial transformation and upgrading.

Li affirmed the achievements made by Tianjin in reform and development and wished it could become one of the leaders of the new round of reform and opening up.

Chinese Premier Li Keqiang (C), also a member of the Standing Committee of the Political
Bureau of the Communist Party of China (CPC) Central Committee, visits local residents at a
shanty area of Xiyuzhuang Township in Tianjin, north China, Dec. 27, 2013. Li made an
inspection tour to Tianjin recently. (Xinhua/Pang Xinglei)

Chinese Premier Li Keqiang (L, front), also a member of the Standing Committee of the
Political Bureau of the Communist Party of China (CPC) Central Committee, visits local
residents at a shanty area of Xiyuzhuang Township in Tianjin, north China, Dec. 27, 2013.
Li made an inspection tour to Tianjin recently. (Xinhua/Pang Xinglei)

Chinese Premier Li Keqiang (C), also a member of the Standing Committee of the Political
Bureau of the Communist Party of China (CPC) Central Committee, inspects an industry and
commerce administrative office at Dayingmen in Tianjin, north China, Dec. 27, 2013. Li made
an inspection tour to Tianjin recently. (Xinhua/Pang Xinglei)

Chinese Premier Li Keqiang (3rd R, front), also a member of the Standing Committee of the
Political Bureau of the Communist Party of China (CPC) Central Committee, inspects the ICBC
Financial Leasing Co., Ltd. in Tianjin, north China, Dec. 27, 2013. Li made an inspection tour
to Tianjin recently. (Xinhua/Xie Huanchi)

Editor:James |Source: Xinhua

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