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Special> Video> Latest
UPDATED: November 5, 2013
Premier Li: China to Keep Mid-to-High Speed Growth

Chinese Premier Li Keqiang says China's economy will keep growing at mid to high speeds in coming years as the country gears up for comprehensive reform.

Li emphasizes that China would further reform its government finances, financial markets and industry among others. China's economy is set to grow at its slackest pace in 23 years in 2013, at 7.5 percent, as its export sales slow on fragile global demand.

The country's leaders have pledged to deepen economic reforms to shift China away from an export-led economy to one more reliant on domestic consumption. And policymakers have made it clear that they will accept slower growth rates during the transition.

But Premier Li adds such a path would present challenges, as he thinks China would need to find a "golden balancing point" between upgrading the economy and maintaining a reasonable growth rate to ensure further job creation.

His comments come as China's leaders prepare to gather from November 9-12 at a key plenary meeting.

(CNTV.cn November 4, 2013)


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