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Innovation key to new economic growth, Xi says

Updated: 2013-11-06 07:06
By Xu Wei ( China Daily)

President Xi Jinping said the country must quickly transform its economy using an innovation-driven strategy to achieve growth targets.

On a visit to universities and high-tech companies in Hunan province on Monday and Tuesday, the president said the country should develop innovations as well as science and technology to re-energize economic growth.

To drive an economic transformation forward, China must pass structural reforms and absorb the excess production capacity found in industrial sectors, he said.

Innovation key to new economic growth, Xi says

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