Business / Economy

China to balance growth and structural reforms

(Xinhua) Updated: 2015-01-20 09:15

BEIJING - Premier Li Keqiang said Monday that China would balance efforts to stabilize economic growth and boost structural reforms in 2015, as downward pressure on growth still remains.

Speaking at a plenary meeting of the State Council, the premier said that China has entered a new normal development method and downward pressure would remain in the Chinese economy in 2015.

"As the global economy is undergoing a deep restructuring and slow recovery, China's government will likely face heavy tasks in tackling the difficulties," Li said.

He called for adhering to reform and innovation to balance the economy and adjust structure this year.

The premier stressed the Q1 performance is crucial to the whole year's results, and the government shall work on making a good start this year. Research, detailed plans and timely monitoring are necessary to tackle the problems of economic expansion.

Governments need to be well prepared to ensure a smooth Spring Festival rush to protect the safety of passengers, Li said.

Social welfare and salaries of migrant workers shall be supervised, while food safety and fire safety shall be guaranteed, the premier added.

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