News / Asia

Li Keqiang says China Has Guts, Wisdom to Solve its Problems

China's Premier Li Keqiang gestures as he speaks during a news conference, after the closing ceremony of the Chinese National People's Congress (NPC) at the Great Hall of the People, in Beijing, March 13, 2014.
China's Premier Li Keqiang gestures as he speaks during a news conference, after the closing ceremony of the Chinese National People's Congress (NPC) at the Great Hall of the People, in Beijing, March 13, 2014.
China's premier Li Keqiang says his country will need guts and wisdom to handle the broad range of economic, political and diplomatic challenges it is grappling with this year. In a wide-ranging speech, the premier also suggested there is “friction” with the United States and the two countries should respect each other’s core interests.

Premier Li Keqiang spoke at the closing of the National People's Congress, in what was his first news conference after China unveiled an ambitious agenda for economic reform last year.

China’s leaders are trying to move the economy away from a three decade old mode of development focused on state-backed enterprises. The model has created tremendous wealth, but also led to corruption and inefficiencies. It has also made things more difficult for private enterprises.

On Thursday, Li said the government is making progress in encouraging new private businesses by streamlining hundreds of transactions that previously needed government approval.

He says China will push forward the simplification of administration and the decentralization of government power and will allow market forces to take effect.

Much of China's economic growth in the past 30 years has relied on large scale investments by state owned enterprises and local administrations, often bankrolled by government-controlled banks.

Asked about the liability of such debt, Li said that after auditing the situation last year, the government believes the risk is under control.

Li said that in 2014 China's biggest challenge will be how to maintain growth, keep people in China employed and inflation under check.

Li says the reason why the official goal for GDP growth is set at 7.5 percent is that China is considering the need to keep stability in the labor market, to benefit people's livelihood and to increase the income of urban and rural residents.

China has been experiencing an economic downturn which economists say is caused by both international and domestic factors.

The kinds of reforms that the new administration is pushing for, including measures to cut down pollution and reduce inefficiency might further impact economic growth in 2014.

On Thursday, answering a question about smog, which has become the most visible mark of the economy's toll on the environment, Li said China is committed to turning a new page.

He says the government is going to declare a war against China's inefficient and unsustainable model of growth and way of life.

Li spoke about relations with the United States, emphasizing their growing ties while acknowledging there is “friction” in their otherwise cooperative relationship.

He did not discuss tensions over cyber security, human rights or territorial disputes with China’s neighbors, instead focusing on economic ties that he estimated are worth $100 million in every hour’s work.

Li Keqiang also spoke about the government's anti corruption drive, which he says will intensify and target the wasteful ways government agencies use public money.

Despite saying China will prosecute corruption at all levels of power, Li did not mention specific high level officials, including former security tsar Zhou Yongkang which many believe to be currently under house arrest.

In recent weeks, Zhou's business and personal connections with people currently under investigation for abuse of power has been widely reported on state media. If officially indicted, Zhou will be the most senior target in Xi Jinping's anti corruption push.

You May Like

Turkey's Erdogan: Women Not Equal to Men

Speaking at conference in Istanbul, President Erdogan says Islam has defined a position for women: motherhood More

Ahead of SAARC Summit, Subdued Expectations

Some regional analysts say distrust between Pakistani, Indian officials has slowed SAARC's progress over the year More

Philippines Leery of Development on Reef Reclamation in S. China Sea

Chinese land reclamation projects in area have been ongoing for years, but new satellite imagery reportedly shows China’s massive construction project More

This forum has been closed.
Comment Sorting
Comments
     
by: Shintaro Sakamoto from: Japan
March 13, 2014 6:23 PM
I cannot trust top leaders of President Xi Jinping and Premier Li Keqiang. They are devoted to worship of this mass murderer, Mao Zedong.
People’s Republic of China is too large to properly control everything. It had better split into 3 or 4 countries for much better human rights of the people, especially Tibetans and Uighur. Wish to hear the declaration of independence from each Autonomous Region of Tibet, Xinjiang-Uighur, and Inner Mongolia.

In Response

by: Daller from: Taiwang
March 18, 2014 10:15 PM
The Unite Status get so much land,why don't you set them into seveal countries? China is a country can never be seperated.


by: Wangchuk from: NY
March 13, 2014 9:28 AM
It's OK for US & China to work together for world peace and where they have common interests. But it's not OK for the US to remain silent as the CCP commits massive human rights violations in China, Tibet & East Turkestan (Xinjiang). The US has an obligation to speak our for democracy & human rights around the world, including areas China, Tibet & East Turkestan.

Featured Videos

Your JavaScript is turned off or you have an old version of Adobe's Flash Player. Get the latest Flash player.
Aung San Suu Kyi: Myanmar Opposition to Keep Pushing for Constitutional Changei
X
November 24, 2014 10:09 PM
Myanmar opposition leader Aung San Suu Kyi says she and her supporters will continue pushing to amend a constitutional clause that bars her from running for president next year. VOA's Than Lwin Htun reports from the capital Naypyitaw in this report narrated by Colin Lovett.
Video

Video Aung San Suu Kyi: Myanmar Opposition to Keep Pushing for Constitutional Change

Myanmar opposition leader Aung San Suu Kyi says she and her supporters will continue pushing to amend a constitutional clause that bars her from running for president next year. VOA's Than Lwin Htun reports from the capital Naypyitaw in this report narrated by Colin Lovett.
Video

Video Mali Attempts to Shut Down Ebola Transmission Chain

Senegal and Nigeria were able to stop small Ebola outbreaks by closely monitoring those who had contact with the sick person and quickly isolating anyone with symptoms. Mali is now scrambling to do the same. VOA’s Anne Look reports from Mali on what the country is doing to shut down the chain of transmission.
Video

Video Ukraine Marks Anniversary of Deadly 1930s Famine

During a commemoration for millions who died of starvation in Ukraine in the early 1930s, President Petro Poroshenko lashed out at Soviet-era totalitarianism for causing the deaths and accused today’s Russian-backed rebels in the east of using similar tactics. VOA’s Daniel Shearf reports from Kyiv.
Video

Video Hong Kong Protests at a Crossroads

New public opinion polls in Hong Kong indicate declining support for pro-democracy demonstrations after weeks of street protests. VOA’s Bill Ide in Guangzhou and Pros Laput in Hong Kong spoke with protesters and observers about whether demonstrators have been too aggressive in pushing for change.
Video

Video US Immigration Relief Imminent for Mixed-Status Families

Tens of thousands of undocumented immigrants in the Washington, D.C., area may benefit from a controversial presidential order announced this week. It's not a path to citizenship, as some activists hoped. But it will allow more immigrants who arrived as children or who have citizen children, to avoid deportation and work legally. VOA's Victoria Macchi talks with one young man who benefited from an earlier presidential order, and whose parents may now benefit after years of living in fear.
Video

Video New Skateboard Defies Gravity

A futuristic dream only a couple of decades ago, the hoverboard – a skateboard that floats above the ground - has finally been made possible. While still not ready for mass production, it promises to become a cool mode of transport... at least over some surfaces. VOA’s George Putic reports.
Video

Video Falling Gas Prices Impact US Oil Extraction

With the price of oil now less than $80 a barrel, motorists throughout the United States are benefiting from gas prices below $3 a gallon. But as VOA’s Kane Farabaugh reports, the decreasing price of petroleum has a downside for the hydraulic fracturing industry in the United States.
Video

Video Tensions Build on Korean Peninsula Amid Military Drills

It has been another tense week on the Korean peninsula as Pyongyang threatened to again test nuclear weapons while the U.S. and South Korean forces held joint military exercises in a show of force. VOA’s Brian Padden reports from the Kunsan Air Base in South Korea.
Video

Video Mama Sarah Obama Honored at UN Women’s Entrepreneurship Day

President Barack Obama's step-grandmother is in the United States to raise money to build a $12 million school and hospital center in Kogelo, Kenya, the birthplace of the president's father, Barack Obama, Sr. She was honored for her decades of work to aid poor Kenyans at a Women's Entrepreneurship Day at the United Nations.
Video

Video Ebola Economic Toll Stirs W. Africa Food Security Concerns

The World Bank said Wednesday that it expects the economic impact of the Ebola outbreak on the sub-Saharan economy to cost somewhere betweenf $3 billion to $4 billion - well below a previously-outlined worst-case scenario of $32 billion. Some economists, however, paint a gloomier picture - warning that the disruption to regional markets and trading is considerable. Henry Ridgwell reports from London.
Video

Video Chaos, Abuse Defy Solution in Libya

The political and security crisis in Libya is deepening, with competing governments and, according to Amnesty International, widespread human rights violations committed with impunity. VOA’s Al Pessin reports from London.
Video

Video US Hosts Record 866,000 Foreign Students

Close to 900,000 international students are studying at American universities and colleges, more than ever before. About half of them come from Asia, mostly China. The United States hosts more foreign students than any other country in the world, and its foreign student population is steadily growing. Zlatica Hoke reports.

All About America

AppleAndroid