Economy

Chinese VP stresses innovation and economic restructuring

(Xinhua)
Updated: 2010-12-23 11:48

BEIJING - Chinese vice premier Li Keqiang on Wednesday called for a better environment for enterprises to boost innovation and transformation of economic development patterns.

Li made the remarks while paying a visit to a national independent innovation demonstration zone in Beijing's Zhongguancun District, which is also known as "China's Silicon Valley".

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Li visited software firms, research institutes, and communication companies, including China's domestic search engine tycoon Baidu and electronic giant Lenovo.

"Innovation brings vitality, energy and also profits," he said during the visit.

As a demonstration zone for independent innovation, Zhongguancun is seen as a powerhouse for Beijing's sustained development, which is important for industrial restructuring and upgrading, and promotion of ecological civilization, Li said.

"Zhongguancun is filled with energy, youthful spirit, and huge potential, well presenting the unlimited creativity of both China and mankind. With its unique edge, the region should be leading the way of economic restructuring," he said.

Li also called for a better environment for enterprise development and more favorable policies to boost scientific creativity, attract the best brains, and achieve top-level results.