NDRC: Restructure to reduce export reliance

Even though there are strong signs of recovery in the domestic economy, a senior Chinese policymaker says the nation needs to focus more on structural adjustment while drawing lessons from the global financial crisis.

"With the highest export dependence among all big countries, China has yet to find a solid foundation for economic recovery," said Zhang Xiaoqiang, vice-minister of the National Development and Reform Commission (NDRC) - China's top economic planning body - at the Summer Davos forum in Dalian yesterday.

China should significantly boost domestic consumption to pursue more balanced economic growth, Zhang said.