Premier Li Keqiang said Tuesday that reforms in place would stimulate market vitality to power growth.

With the global economy far from surmounting challenges that have held it down for years now, the powers that be in China say the country is capable of rising above the hurdles to attain development objectives set for 2016. Premier Li Keqiang on Tuesday March 16, 2016 told the national and international media at the Golden Room of the Great Hall of the People in the capital, Beijing, that reforms in place would bolster market performance, one of the main drivers of sustainable growth. China projects a 6.5 to 7 per cent growth rate this year.

“There are more hopes than difficulties. China’s economy will not suffer a hard landing because we still have enough potential and mass creativity of our people and reforms in place will bolster market vitality,” Premier Li Keqiang said. He said even last year that the global economic growth got to its lowest in six years, that of China stayed afloat hitting 6.9 per cent at year’s end.

 The press conference came at the end of two sessions of the country’s lawmakers – the National People’s Congress and the fourth session of the 12^th National Committee of the Chinese People’s Political Consultative Conference (CPPCC). All of them examined the country’s roadmap for the ongoing fiscal year and other burning issues needed to consolidate China’s vibrant growing economy status.

One of the outcomes of the just-ended sessions is the endorsement by the legislators of China’s 13^th Five-year Development Plan. The 2016-2020 development blueprint seeks to maintain a medium-high growth with focus on innovation, better coordination, green development, opening up and sharing to fulfill the country’s inclusive development objectives. The Premier noted with satisfaction that the country “has passed the stress test and gained good experience to take off with the 13^th Five-year Development Plan.”

Other areas of interest at the Tuesday’s press conference were China’s relations with other global economic giants, notably Russia, America and Japan. Premier Li Keqiang, like other Members of his Government who faced the press on regular basis throughout the over two- week sessions, said China’s foreign policy of non-interference in the internal political affairs of partner countries and mutual respect for win-win cooperation prevails.  The go-ahead of the People’s Representatives to government’s development roadmap after the sessions therefore set the stage for China in her battle to escape threatening global troubled waters.