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Communist Party of China CPC>>News
08:33, January 18, 2010

Top Chinese legislator stresses transformation of mode of economic development
Top Chinese legislator Wu Bangguo has urged to accelerate transformation of the mode of economic development, so as to improve sustainable development when fighting the global financial crisis.


Wu Bangguo (2nd L, front), member of the Standing Committee of the Political Bureau of the Communist Party of China (CPC) Central Committee and also chairman of the Standing Committee of the National People's Congress (NPC), talks with staff members as he visits COSCO (Nantong) Shipyard in Nantong of east China's Jiangsu Province, Jan. 15, 2010. Wu Bangguo paid a visit in Jiangsu for investigation and research on Jan. 14-17. (Xinhua/Liu Weibing)

Wu, chairman of the Standing Committee of the National People's Congress, China's top legislature, made the remarks during his visit to east China's Jiangsu Province from Thursday to Sunday.

He called for more efforts for the transformation of the mode of economic development, adjusting economic structure and boosting industrial upgrading.

"To accelerate transformation of the mode of economic development should be an important goal and strategic measure in carrying out the Scientific Outlook on Development," Wu said.

The economic recovery should be based on an optimized and upgraded economic structure, and the fight against global financial crisis be a process of improving sustainablity of development, he said.

Wu stressed the importance of bringing in high-level human resources, advanced technologies and management expertise. He also encouraged domestic companies to acquire research and development institutions, sales networks, and famous brands, as well as to build production bases, in foreign countries.

Advanced technologies and new economic growth points are needed for transformation of development mode, economic restructuring and industrial upgrading, and also for China to participate in international competition, he said.


Wu Bangguo (C), member of the Standing Committee of the Political Bureau of the Communist Party of China (CPC) Central Committee and also chairman of the Standing Committee of the National People's Congress (NPC), shakes hands with a staff member as he visits WuXi AppTec company in Suzhou of east China's Jiangsu Province, Jan. 16, 2010. Wu Bangguo paid a visit in Jiangsu for investigation and research on Jan. 14-17. (Xinhua/Liu Weibing)

Wu also called for more efforts to develop emerging industries, including new energy, new materials, Internet of Things, low-carbon technologies and others, "to ensure China will not lose a new round of international economic competition."

Human recourses are the key factor of industrial upgrading and nurturing new economic growth points, Wu said.

"We shall bear in mind that human resources are of utmost importance," he said.

Wu visited industrial parks, scientific research institutions and workshops of enterprises in the cities of Nantong, Suzhou and Wuxi.

Source: Xinhua

http://paper.people.com.cn/rmrb/html/2010-01/18/nw.D110000renmrb_20100118_3-01.htm
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