LIVE Press conference on advancing high-quality development
Press conference on advancing high-quality development
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Talking about upgrading, Lian Weiliang mentions three driving forces, including the market-oriented reform, improving the liquidity of factors; promoting innovation and entrepreneurship reform, improving the level of the industrial chain; and improving the quality of service.
The transformation and upgrading of traditional industries, especially traditional manufacturing, is a market with great potential. The total assets of industrial enterprises above designated size exceed 110 trillion yuan ($16.38 trillion), which indicates huge market potential to be unleashed.
The development of new industries and new models is a very fast-growing market. Statistics from 2015 to 2017 show that the average annual growth rate of the economic development momentum reached 28 percent.
The business environment has been greatly improved through large-scale tax cuts, fee reductions, and deepening reform, He said.
The target task of “13th Five-Year Plan” to de-capacity has been completed two years ahead of schedule, in result, industries have improved quality and efficiency, He said.
Chinese government vows to offer high quality services to foreign investors including streamlined registration, Ning Jizhe said.

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