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October 24, 2021

Wen Jiabao says ‘reforms urgent’

China’s Premier Wen Jiabao has delivered a strong warning about the ‘’urgent’’ need for reforms, without which, he said, tragedies such as the Cultural Revolution could still happen, the BBC informs. He was speaking after his last National People’s Congress news conference. He added that China’s decision to cut its economic growth target to 7.5 percent for 2012 was essential to sustain growth. He also spoke on US-China trade links, relations with Taiwan and said that China would step up currency reform. He stressed that China needed to press on with both political and economic reforms. Reforms, he added, had to be ‘’gradual and orderly’’ and were essential for the country’s economy. This was the last NPC meeting before a leadership transition begins later this year. Mr Wen opened the meetings last week with a speech that cut the economic growth target and addressed land and military issues. The once-in-a-decade transfer of power will begin in October. Vice-President Xi Jinping is widely expected to take over the party leadership from President Hu Jintao, and Vice-Premier Li Keqiang is tipped to succeed Mr Wen. Mr Wen was speaking to both domestic and foreign journalists after the closing of the parliament session.

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