Zhu Zhixin, vice-chairman of the National Development and Reform Commission, speaks at the first weekly policy briefing of the State Council in Beijing, Jan 16, 2015.[Photo by Zou Hong/english.gov.cn]
The economy will keep on a progressive course while maintaining stability in 2015, by adapting to the “new normal” of development and focusing on raising the quality of growth, said Zhu Zhixin, vice-chairman of the National Development and Reform Commission.
“We will maintain economic operations within the reasonable range, place more emphasis on transforming patterns and adjusting structure and strive for breakthroughs in reform.”
Further reforms will be focused on major areas, including continuing to cancel administrative approvals; deepen income distribution and increase incomes as well as improve policies and measures to stabilize foreign trade, Zhu said.
“In 2015, China’s economic development is still faced with a complicated environment both at home and abroad,” he said.
“We will also improve people’s livelihood in 2015, through implementing more active employment policies and try to achieve more employment with better quality.”
Incomes increased faster than economic growth in 2014. The national per capita disposable income in the first three quarters last year was 14,986 yuan ($2,416).