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DALIAN, June 29 (Xinhua) -- On June 27, 2017, following his address at the Opening Ceremony of the Annual Meeting of the New Champions 2017, Premier of the State CouncilLi Keqiang?answered questions from Executive Chairman of the World Economic Forum Klaus Schwab at Dalian International Conference Center. On June 28, Premier Li sat down for a dialogue with representatives of international business leaders attending the Annual Meeting. Below is the full text of these interactions:


Professor Schwab: In your speech Authentic Jonathan Allen Jersey , you talked about the dynamic development of the Chinese economy as well as relevant policies. I'm sure these policies can help sustain such dynamism. It is a remarkable achievement for China, the second biggest economy in the world, to grow at nearly 7%. Could you please share with us in greater detail what measures the government will take to keep such positive momentum going in the future?


Premier Li: China used to grow at double-digit rates, but now the growth has moderated to a medium-high level of 6.9% in the first quarter of this year. Some characterize this trend as a slowdown, but that wouldn't be very accurate, as the Chinese economy has become much bigger than before. Every one percentage point of growth inGDPnow would generate the same amount of additional output as 1.5 percentage point growth five years ago or 2 percent growth ten years ago. I often use the analogy of somersaults to describe such a situation: It is much easier for a child to do a dozen somersaults at one go than for an adult Authentic Ryan Kerrigan Jersey , for whom just three or four would be quite an accomplishment. For major economies with GDPs of two trillion US dollars or above, a 3% growth would be no mean feat. I hope you can view the Chinese economy in an objective way. It will keep growing at medium-high speed, as we have 1.3 billion people, huge market potential and social creativity.


To sustain the positive momentum requires a host of measures. We will keep on working in the following three areas for a considerable time to come.


First, we will maintain stability in macroeconomic policies. This means we will continue to implement a proactive fiscal policy and prudent monetary policy. We will not resort to massive stimulus measures. Instead, we will continue to undertake structural adjustments and provide the market with stable and clear expectations Authentic Jordan Reed Jersey , which is of overriding importance in a market economy.


Second, we will advance reform and opening-up. In undertaking supply-side structural reforms, the government will continue to streamline administration, delegate its power, widen market access and enhance compliance oversight to create a level playing field. We will ease corporate burdens by reducing taxes and administrative fees to unleash the vitality of the market.


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