Vice Premier Promises to Prevent Systematic Economic Risk

Vice Premier Zhang Gaoli on Friday said the government will strive to prevent any systematic economic risk from happening.

The government will actively control economic risk, improve monitoring of economy and perfect contingency plans, said Zhang, at a panel discussion with national legislators from Tianjin Municipality.

The government will streamline macroeconomic control and pay more attention to anticipatory adjustment and fine-tuning, he said.

To cope with the downward pressure and keep the economy within an appropriate range, the government will work to release market dynamics through transforming its own functions and delegating its power, he said.

More efforts will be made to promote technological innovation and foster new industries while the country is working to strike a balance between growth speed and restructuring, he said.

Elected as a deputy to the National People's Congress from Tianjin, Zhang said that the city should seize the opportunity of the coordinated development in the Beijing-Tianjin-Hebei region.

Xinhua