China expects steady, rapid growth in 2012
时间：2012-06-02 05:53:30
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BEIJING, June 1 (Xinhua) -- China's economy will maintain steady and rapid development momentum1 this year though facing downward pressures, said a senior official on Friday.
The overall economic conditions are good and growth rates are within the expected range, said Du Ying,
vice2 minister of National Development and Reform Commission, at a press conference.
In a recent meeting of the State Council, policy
makers3 reiterated4 the keynote of seeking further progress while maintaining a stable situation and made growth a bigger priority, he said.
The government would continue with
structural5 tax reduction, stick to
prudent6 monetary7 policy, focus on promoting consumption and maintaining a rational investment scale, and meanwhile keep exports stable, according to Du.
China's economy grew at its slowest pace in almost three years in the first quarter of 2012, with its gross domestic product expanding only 8.1 percent during the period.
A string of economic
indicators8 in April suggested further economic weaknesses in the world's second-largest economy amid renewed
uncertainty9 in Europe, prompting policymakers to adopt swift measures to
stabilize10 growth.
The State Council, or China's cabinet, on Wednesday adopted a plan to boost the development of seven strategic emerging industries as the country's economy slows.
The named industries include energy-saving and environmental protection, information technology, biology, advanced equipment manufacturing, new energy, new materials and new-energy vehicles.
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