China fully capable of realizing growth target: vice premier

Chinese Vice Premier Liu He said on Saturday that the sound fundamentals of the Chinese economy have not changed and China is fully confident and capable of realizing macro-economic growth target.

Chinese Vice Premier Liu He speaks at the 2019 World Conference on VR Industry in Nanchang, east China. [Photo: IC]

Addressing the opening ceremony of the 2019 World Conference on VR Industry in Nanchang, east China, Liu He said China has vigorous micro foundations, resilient and huge wiggle room, as well as abundant macro policy tools.

He noted that China and the United States have achieved substantial progress in the latest economic and trade consultations, building a key foundation for signing a phased agreement.

He said that preventing the trade war from escalating is beneficial to China, the United States and the world at large, which is a shared expectation of producers and consumers.

The two sides should properly address each other's key concerns on the basis of equality and mutual respect, create favorable environment and achieve common goals, said Liu.

Visitors enjoy a VR game during the World Conference on VR Industry in Nanchang, east China's Jiangxi Province, on October 19, 2019. [Photo: IC]

During his speech, the vice premier called for efforts to promote the sound development of the VR industry.

Currently, the new round of scientific and technological revolution represented by digital technology and life science are progressing rapidly with each passing day, with the VR industry being one of the most dynamic sectors, Liu said

To promote healthy development of the industry, China will pay attention to basic research and innovation capability, create sound environment for development, cultivate talents, and carry out international cooperation, said Liu.

(Source: Xinhua)