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To strengthen the new growth engines, an innovation-driven development plan was adopted along with guidelines on its implementation, policies and measures were introduced to encourage public participation in starting businesses and making innovations, and the Internet Plus action plan was implemented. A great number of makers started businesses and made innovations. Improvements were made to policies in support of agriculture to promote transformation of the agricultural growth model. In addressing the decline in industrial growth and the downward slide incorporate performance, we worked to foster new industries and upgrade traditional ones. We launched the Made in China 2025 initiative to upgrade manufacturing, set up government funds to encourage investment in emerging industries and to develop small and medium-sized enterprises, and established more national innovation demonstration zones. We cut overcapacity and encouraged business acquisitions and restructuring. Cuts made in outdated production capacity over the past three years have included over 90 million metric tons of steel and iron, 230 million metric tons of cement, over 76 million weight cases of plate glass, and more than one million metric tons of electrolytic aluminum. The development of production- and consumer-oriented service industries picked up momentum. We took serious measures to conserve energy, reduce emissions, and protect the environment, exceeding obligatory targets. We released self-imposed emissions reduction targets and contributed to the positive outcomes of international negotiations on climate change.

In 2010, when Xiaomi was founded, the Chinese smartphone market was dominated by foreign brands. Newspapers splashed photos of people queuing for Apple's iPhone 4 and few would consider buying handset from a domestic startup.

Xi also talked with Sun Tiexiang, a Xinhua reporter who recently made interviews in Tayuanzhuang village in Zhengding, Hebei province. Xi visited the village several times while working in Zhengding, and he learned from Sun details about current development in the village.

Cui highlighted a few points to help people understand the reality behind the world-wide economic volatility.

Consumption, services and innovation are considered new forces for China's economy as the country is committed to painful but necessary reforms.