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Crisis also means opportunity: President Hu

Updated: 2009-03-07 19:39

BEIJING -- Chinese President Hu Jintao said here Saturday that the current international financial crisis, despite its severe impact on China's economy, also means an opportunity for the country.

China should take the opportunity to change its development pattern and realize structural adjustment so as to maintain a steady and relatively fast economic growth, Hu said when joining a panel discussion with deputies of the National People's Congress (NPC) from south China's Guangdong Province.

Chinese President Hu Jintao meets with deputies of the National People's Congress (NPC) from south China's Guangdong Province in Beijing March 7, 2009. [Xinhua] More photos

"Challenge and opportunity always come together. Under certain conditions, one could be transformed into the other," Hu said.

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Hu said China should make full use of its advantages to break the bottlenecks of development. He also called for efforts to promptly and creatively implement the policies and plans of the central government to create conditions for solid and rapid development in the future.

In a panel discussion with NPC deputies from Shandong Province, top legislator Wu Bangguo said to maintain economic growth is China's top priority now, and efforts should be made to boost domestic consumption so as to secure this year's economic development targets.

In face of impacts of global financial crisis, China should seek both a temporary solution and a permanent cure, and make efforts to upgrade its industry and improve competitiveness of Chinese enterprises, said Wu, chairman of the NPC Standing Committee.

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An editorial of the People's Daily has called on China's top political advisory body to made due contributions to help the country weather through difficulties.