Next phase of upgrade mapped out

'Vitality, resilience and innovation' urged as focus of economic reform

Vice-Premier Liu He said on Friday that China will further promote economic upgrading by vitalizing private enterprises, deepening the reform of State-owned enterprises and enhancing financial markets' ability to serve the real economy.

The world's second-largest economy has maintained steady and improving growth momentum despite head winds, as shown by major indicators such as GDP growth, employment, inflation, international payments, corporate profits and fiscal revenue, Liu, the vice-premier in charge of economic policies, said in a joint interview with several media organizations.