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Vice premier stresses economic restructuring in NE China

(Xinhua)
Updated: 2009-08-10 17:46

Chinese Vice Premier Li Keqiang has urged firms in the old industrial base in Northeastern China to promote economic restructuring at a time when the economy is recovering from a slowdown.

The country should accelerate the strategic adjustment in economic structure and lose no time to push forward the economic transition, Li said during a visit to Heilongjiang province from Thursday to Sunday.

Such efforts are aimed at consolidating the country's recovery and steering the economy towards "a sound and fast development," by digging up new potentials for growth, he said.

Related readings:  China stresses industry restructuring in economic growth  Restructuring looms for top 10 sectors  NE China coastal economic zone gets nod  Chinese leader pushes for economic restructuring

Li told firms in Heilongjiang to accelerate scientific and institutional innovations for new growth to boost their vitality, on top of previous development as the industrial base and rich natural resources in the province, such as coal and forests.

Li also emphasized the importance of maintaining the country's current macroeconomic policies for further growth, echoing comments repeatedly made by top leaders amid concerns over a change in polices after the Chinese economy rebounded to expand 7.9 percent in the second quarter.