Perhaps the biggest wild card in the world economy right now is China. Will the world's second-biggest economy keep growing strongly, or will it suffer for all the money it's borrowed in the past five years?
Reuters Blogs (blog) China's commitment to growth will drive the global economy Reuters Blogs (blog) From outside China, the Bo Xilai trial looks like the Chinese news event of the year, one of the preoccupations of Western media, along with...
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China's economy will reach official target of 7.5%: Li Keqiang Zee News "The present macroeconomic environment is much different from the late-1990s, when conventional Keynesian and monetarist approaches could be applied aptly," Leung told the Daily.
Premier says new composition can reinvigorate slowing growth rates.
The government will continue to prioritize and invest in education, and enhance science and technology, to stabilize and transform the slowing economy, Premier Li Keqiang said.
"China should place education, science and technology in strategic positions and view them from an overall perspective," Li said, during the national science, technology and education leadership group's first meeting.
Li is the group's leader.
"To upgrade China's economy and build the nation into a prosperous and harmonious society, we should rely more on talent bonuses when making use of demographic dividends," he said.
"This requires us to bet first on education and, second, on science and technology."
China's economic growth model is transforming from an export- and investment-driven model to one based on domestic consumption. The world's second-largest economy has been decelerating in recent months.
"Sustaining economic growth, continuously improving people's livelihoods and promoting social justice are the central government's three primary tasks," Li said.
"Equal education access is a fundamental pillar of social justice. We should foster more talent to serve China's rural areas, and its central and western areas, to narrow the biggest gaps we face - regional and urban-rural gaps."
China has pledged to prioritize education's development for years.
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