NE China economy gets into "new normal"
2015-12-29
At the Jilin Provincial Economic Work Conference, in the city of Changchun, on Dec 28, there was a review of its performance over the past year with the news that overall its economic growth is still stable and has enormous potential and ample room for growth.
It was also announced that all major economic targets had been hit, marking a smooth completion to the 12th Five-year Plan (2011-2015).
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Jilin economic conference in Changchun, Jilin, on Dec 28, where the Party secretary, Bayinchaolu, and governor, Jiang Chaoliang, spoke. [Photo by Ding Luyang/provided to ejilin.gov.cn] |
This was followed by a discussion of plans for 2016 that call for Jilin to keep growth in the‘new normal'and provide impetus for a sound beginning to the 13th Five-year Plan.
This is expected to "offer a great opportunity for revitalizing old industrial bases in the Northeast", which needs to be "top priority" so that reforms and innovation inspire creativity and provide new growth in emerging ones.
The province is expected to emphasize a market-oriented system which is to be done by "simplifying administrative procedures" and ensuring "fair market competitions".
