Li stresses key role of finance in economy
Premier Li Keqiang has called for the financial system to keep bolstering its level of services to the real economy and beef up its support for efforts to expand domestic demand and optimize the economic structure.
Speaking during a fact-finding trip on Monday to the People's Bank of China, the central bank, and the State Administration of Foreign Exchange, the premier highlighted the need to amplify the role of finance in stabilizing the macro economy.
He called for steps to continuously improve the level of financial services, maintain major economic indicators within a proper range and push forward high-quality growth.
Li spoke with employees from the SAFE Investment Center and appreciated the fact that the nation's forex reserves had attained good earnings.
With China's economy being deeply integrated into the world, the nation's forex reserves are an indicator of the confidence of the global community in conducting trade and economic cooperation with China, he said.
China's forex reserves have stood at a level of at least $3 trillion over the years, and the nation has maintained the exchange rate of the yuan at a stable level, which offered a strong pillar for the stability of foreign trade, financial sectors and the economy, he said.
The nation's forex reserves rose to $3.127 trillion at the end of December, up 0.33 percent from a month earlier, according to the SAFE.
The adopting of a prudent monetary policy and the use of aggregate and structural tools have played a key role in ensuring the stability of the macro economy and boosting services to the real economy, Li added.
The amount of inclusive finance lending to small and micro businesses increased by 24 percent on a yearly basis over the past five years, and the interest rates for loans to businesses reached the lowest level since the start of China's reform and opening-up.
The premier added that China has refrained from resorting to a deluge of stimulus policies or excess liquidity, which enabled the nation to stabilize its commodity prices despite rising levels of inflation worldwide.
Li stressed that it is a long-term and arduous task to maintain financial stability and prevent risks, adding that the stability of expectations is the "hard currency" of the market economy.
It is important to further refine the financing environment for the private sector and smaller businesses, prevent and defuse risks and ensure the exchange rate of the yuan is generally stable and at an adaptive and balanced level, he added.
最新热点
-
时政专题片丨奋力开创中国式现代化建设新局面——习近平总书记今年以来治国理政纪实
时政专题片丨奋力开创中国式现代化建设新局面——习近平总书记今年以来治国理政纪实
最新热点2026年是中国共产党成立105周年 也是“十五五”开局之年 历史来到新的关键一程 今年以来 以习近平同...
-
160余名台胞踏歌云南楚雄 欢度火把节
-
思想耀岭南 | 第7集嘉宾大揭秘:他在湾区批量孵化独角兽企业
思想耀岭南 | 第7集嘉宾大揭秘:他在湾区批量孵化独角兽企业
最新热点6月27日起,广东在全网推出《思想耀岭南》系列视频。 第一季共20集,20名对话嘉宾将分享他们在工作生活中的所思所感,以个体视角讲述广东故事、大湾区故事、...
-
“亮到九点”获高赞,广东文旅“留量”有了新密码 | 文旅友好看广东②
-
“回批”了!当《给阿嬷的情书》“寄”回到故事发生地泰国……
“回批”了!当《给阿嬷的情书》“寄”回到故事发生地泰国……
最新热点8月4日下午,泰国潮州会馆在曼谷中央世界商场(Sf Central World)举行粤产电影《给阿嬷的情书》专场放映,电影道具展、侨批展与海外华侨华人&ldqu...
電影《給阿嬤的情書》將於全泰公映,導演藍鴻春推薦潮汕美景美食