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To adapt to the "new normal" of the economy, the key is to shift the growth momentum and aim at getting a bigger boost from science and technology innovation, stressed Xi.
He also urged the government to clean intermediary service sectors, breaking monopolies and strengthening regulation so as to eradicate the "grey zone" of administrative examinations and approvals.
"Every single penny of government expenses should be subject to auditing supervision," he said. "Supervision over state-owned assets and enterprises should be tightened to make sure no national property is pocketed by a small number of corrupt officials."
SOEs are playing an important role in China's public ownership economy and their assets and resources are the common property of all people. No one should be allowed to undermine such wealth and any attempt to do so must get seriously investigated and punished.
With further liberalizing the yuan in floating exchange rates and cross-border transactions, China wishes to see its currency included in the IMF basket, in accordance with the weight the yuan now exerts on international goods and services trade.
来源：资阳报