Chinese Premier stresses enhancing market vitality on Jiangsu tour

Chinese Premier Li Keqiang has made an inspection tour to eastern China's Jiangsu Province from Thursday to Friday to examine economic and social development.

Chinese Premier Li Keqiang (C), also a member of the Standing Committee of the Political Bureau of the Communist Party of China Central Committee, inspects the Chongchuan Branch of the Bank of Jiangsu in Nantong, east China's Jiangsu Province, Nov. 29, 2018. Li Keqiang has made an inspection tour to eastern China's Jiangsu Province from Thursday to Friday to examine economic and social development. [Photo/Xinhua]

During his visit to the cities of Nantong and Nanjing, he stressed the need of advancing reform, opening-up and innovation to further increase market vitality and ensure the sustained and healthy development of the economy.

When inspecting the Chongchuan Branch of the Bank of Jiangsu in Nantong, he said that small and micro private enterprises have contributed a lot to employment and that credit extension should not only target large clients as rendering services to small and micro enterprises is a big deal.

"Wholeheartedly exploring the market of small and micro enterprises will boost financing convenience and reduce costs. Banks are actually investing in their own future by supporting small and micro enterprises now," he said.

At the Luolai Home Textile Company workshops, the Premier found that intelligent production and green technologies have been used. Although home textile was a traditional sector, so long as it could catch up with the trend of consumption upgrading, it would never fall behind and never lose its market, he said.

At Suning Holdings Group, Li said he hopes the company would use intelligent logistics and cloud technology to provide better services to satisfy consumers and unleash more consumption potential.

At the Nanjing Information Center, a web-based public service platform, Li commended the operation of the center and encouraged local government to use more new technologies to streamline public services, boost information sharing, stimulate the market's vitality and inspire social creativity.