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Vice Premier: Enterprises should adapt to financial turmoil

(Xinhua)
Updated: 2008-11-05 15:16

Domestic enterprises should enhance their protection against risks and adapt to the changing world economic environment, Chinese Vice Premier Li Keqiang said.

Li made the remarks during a visit to eastern Shandong province from Sunday to Tuesday. He visited enterprises, construction sites and rural areas.

"We must closely watch the changing world financial and economic climate, which is having a negative impact on China's development," Li said.

To meet the challenges, enterprises should expand domestically and overseas, improve their international competitive power, adapt to the market and improve their risk resistance, Li said during a visit to the Haier Group, one of the country's leading home appliance manufacturers.

Li also called on governments at all levels to maintain stable and relatively fast economic growth by boosting domestic consumption and keeping investment at "rational level".

More should be done to increase farmers' income, improve agricultural production and improve rural infrastructure, he said.