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BEIJING, July 6 (Xinhua) -- Chinese President Xi Jinping and Montenegrin President Filip Vujanovic exchanged congratulations on Wednesday to mark the 10th anniversary of diplomatic ties between China and Montenegro.
"German trading companies for example can profit by new and more efficient logistics routes between China and Europe along the New Eurasian Land Bridge," he said, "Investment in countries along the new Silk Road such as Kazakhstan, Iran, India or Sri Lanka, can help to open up new markets."
New economic drivers are developing rapidly and major economic indicators are stabilizing or improving, according to the premier.
We need to advance structural reform, in particular that on the supply side. The structural problems facing the Chinese economy are about both the supply and demand sides, especially the supply side. We need to advance structural adjustment through reform, reduce inefficient and low-end supply, and expand effective and medium- to high-end supply. This is conducive to economic transformation as well as growth. A major task for us is to phase out outdated production capacity and address overcapacity, especially in steel, coal and other sectors that face difficulty in operation. Initial progress has been made in recent years, as is shown in the lowering production of raw coal and crude steel, but our efforts must well continue. We will adopt a market-based and rules-based approach and apply strict standards in environmental protection, quality and safety. The biggest challenge is how to address possible layoffs in this process. Businesses need to take multiple measures to ensure that their employees will get reemployed. Both the central and local governments should provide necessary support to take care of the affected employees. Overcapacity is a global challenge. The fact that we have taken the initiative to cut overcapacity demonstrates that China is indeed a responsible country.
Innovation will drive development in the five years from 2016, and China understands how important innovation cooperation with foreign countries will be. For example, China and Switzerland agreed to build an innovative strategic partnership during Swiss President Johann Schneider-Ammann's visit to China in April 2016. It is the first time China has established an innovative partnership with any other country.
来源：资阳报