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China to 'deepen reforms' to 'drive social, economic growth'

April 2, 2012 - Beijing

Chinese Vice Premier Li Keqiang has said that his country will deepen reforms and opening-up to remove institutional obstacles to transfer growth mode and drive socio-economic development.

"Faced with the profound changes in international and domestic landscapes, we must let reforms and opening-up continue to lead the way in removing the institutional obstacles that hamper the shift of the growth model," Keqiang said during the opening ceremony of the Boao Forum for Asia Annual Conference 2012.

Noting that the country has entered a critical stage of reform, Keqiang said China would deepen reform of the fiscal sector, taxation, finance, pricing, income distribution and enterprises.

"The country will endeavor to make breakthroughs in key areas and key links, and bring into better play the market's role in resource allocation and advance institutional, technological and management innovation so as to increase the internal driving force and dynamism of development," Xinhua quoted him, as saying.

According to the report, Keqiang said China will adopt an even more proactive opening-up strategy and would give equal importance to export and import in a bid to boost balanced development of foreign trade and raise the level of an open economy.

"China is dedicated to creating an open, transparent, fair, competitive and predictable marketplace and legal environment," he added.


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