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BEIJING, March 14 (Xinhua) -- Premier1 Wen Jiabao said Wednesday that the 7.5 percent GDP growth target for 2012 is a result of the government's proactive macro-control and can not be viewed as low.
China's GDP has reached 47 trillion yuan (7.46 trillion U.S. dollars). On this basis, the growth rate of 7.5 percent can not be counted as low, not to mention the economy would keep expanding at this pace, Wen told a press conference after the conclusion of the annual parliamentary session.
Indeed, the Chinese economy faces slowing trend due to impacts from the European debt crisis and contracting overseas demands, Wen noted2.
Under such circumstances, to lower the growth mainly aims to facilitate economic restructuring, the premier said.
China lowered its GDP growth target to 7.5 percent for 2012 from around 8 percent in the past seven consecutive3 years, according to a government work report approved by the parliamentary session.
Previously4, China announced to target a 7 percent GDP growth from 2011 to 2015, the country's 12th Five-Year Plan period.
Wen reiterated5 that slower growth is made to fit with targets in the 12th Five-Year Plan, and to guide people in all sectors6 to focus their work on accelerating the transformation7 of the pattern of economic development and making growth less dependent on natural resource consumption and environmental pollution.
"We will make every effort to let ordinary people enjoy more benefits," he said.
Chinese economy is able to overcome the unbalanced, incoordinate and unsustainable development mode to achieve expansion of higher quality, which is helpful for world economic growth, he said.
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1 premier | |
adj.首要的;n.总理,首相 | |
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2 noted | |
adj.著名的,知名的 | |
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3 consecutive | |
adj.连续的,联贯的,始终一贯的 | |
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4 previously | |
adv.以前,先前(地) | |
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5 reiterated | |
反复地说,重申( reiterate的过去式和过去分词 ) | |
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6 sectors | |
n.部门( sector的名词复数 );领域;防御地区;扇形 | |
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7 transformation | |
n.变化;改造;转变 | |
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