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18:23
It is essential to keep China's economy development on a steady course with delivering real gains to the people, Chinese Premier Li Keqiang said at a press conference after the third session of the 13th National People's Congreee concluded in Beijing on Thursday.
When asked about China not setting specific GDP growth target for this year, Li said that the decision is realistic on the ground that the global economy has been badly hit due to the COVID-19 pandemic.
"China's economy has been deeply integrated into the international economy. It is impossible for China's economy to stay immune to the pandemic impacts," he said.
Instead of setting a specific GDP growth target, China has established a series of goals and tasks in six areas that closely connect with its economic growth, especially in employment, people's basic needs and market entity, he said.
The purpose is to deliver real gains to people and the economic development still holds key position to problems faced by China, according to Li.
Achieving the tasks in the six areas, especially in employment, basic livelihoods and business, will help China make positive growth this year and keep the economy stable, Li emphasized.
As for the stimulus measures, Li restated that China will not flood the economy with liquidity but sufficient liquidity will be ensured through forceful measures to get the economy out of hardships, he said, noting that the key is how the funds would be used.
China will spend the money to offer vital relief to business in a bid to help employment and livelihoods so citizens could have money to spend and let the consumption to drive the economy, he said, highlighting that such a proper management of funds is in line with the country's market-oriented reform.
"China reserves a policy room for more measures, either on fiscal, finance and social security," Li said, adding "We are in a strong position to introduce new measures."
