Premier stresses scientific economic policies

Updated: 2013-07-16 23:48

(Xinhua)

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But when the economy reaches its upper or lower limits, macroeconomic policies should lay more emphasis on seeking growth and controlling inflation, Li said.

"The country must make macroeconomic policies more scientific, forward-looking and targeted," he said.

The government should not change the direction of policies based only on temporary changes in economic barometers, or it will lose good opportunities for economic restructuring.

However, it should also be on high alert and fully-prepared when there is a risk for the economy to slip out of the reasonable range or to experience large fluctuations, the premier said.

He said the government should combine the use of multiple policy tools and give full play to the market mechanism, stress innovation-driven growth and take both short-term and long-term growth into consideration.

The country must advance the transformation of economic development mode and raise endogenous impetus of economic growth in a bid to promote continuous and healthy growth in the long haul, Li said.

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