Sat, March 07, 2009
China > Politics > NPC, CPPCC Annual Sessions 2009

President Hu: Crisis also means opportunity

2009-03-07 11:31:41 GMT2009-03-07 19:31:41 (Beijing Time)  Xinhua English

Chinese President Hu Jintao (front, 2nd R) talks to female deputies during the panel discussion of deputies to the Second Session of the 11th National People's Congress (NPC) from south China’s Guangdong Province as International Women's Day is coming, in Beijing, capital of China, March 7, 2009. (Xinhua/Lan Hongguang)

BEIJING, March 7 (Xinhua) -- Chinese President Hu Jintao said here Saturday that the current international financial crisis, despite its severe impact on China's economy, also means an opportunity for the country.

China should take the opportunity to change its development pattern and realize structural adjustment so as to maintain a steady and relatively fast economic growth, Hu said when joining a panel discussion with deputies of the National People's Congress (NPC) from south China's Guangdong Province.

"Challenge and opportunity always come together. Under certain conditions, one could be transformed into the other," Hu said.

Hu said China should make full use of its advantages to break the bottlenecks in development. He also urged the deputies to promptly and creatively implement the policies and plans of the central government to create conditions for a solid and rapid development in the future.

In a panel discussion with NPC deputies from Shandong Province, top legislator Wu Bangguo said to maintain economic growth is China's top priority now and efforts should be made to boost domestic consumption so as to secure this year's economic development targets.

In face of impacts of global financial crisis, China should seek both a temporary solution and a permanent cure, and make efforts to upgrade its industry and improve competitiveness of Chinese enterprises, said Wu, chairman of the NPC Standing Committee.

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