To cope with the international financial crisis we must the expand domestic demand, promote consumption, innovation, and foster new economic growth, thereby improving the overall quality of the economy and international competitiveness.
At present, the market continues to be weak in exports; exports are losing steam in leveraging economic growth. The expansion of consumption, especially in rural areas, has become an important focus to maintain China’s steady economic growth. Employment relates to human dignity and social stability, national strategic planning must take into consideration the unemployment problem. In order to balance the social resources, as well as human resources, effective implementation of national development strategy with employment as one of the top priorities must take place.
Source: StudyTimes.com, May 18, 2009.