Chinese Premier Li Keqiang on Monday called for solid efforts to push reforms and innovation in 2018.

　　Chinese Premier Li Keqiang presides over the 8th plenary meeting of the State Council Logan Cooke Youth Jersey , which discussed a draft version of the government work report, in Beijing, capital of China, Jan. 22, 2018. (XinhuaRao Aimin)

Chairing a plenary meeting of the State Council, which discussed a draft version of the government work report Ronnie Harrison Youth Jersey , Li said China should stick to the supply-side structural reform, and grasp opportunities to carry out work to stabilize growth and curb risks.

Li stressed the importance of winning the "three tough battles", namely risk prevention, poverty alleviation and pollution control.

China should seek to enhance economic innovation and competitiveness in the process of pushing high-quality development, and bring out market vitality and social creativity in the course of deepening reform and opening up, Li said.

More efforts should be put in place to improve education Dante Fowler Jr Youth Jersey , health and elderly care, housing as well as environment protection to make the people feel happier and more secure, according to Li.

He called for close monitoring of economic changes and high attention to any emerging problems to improve policy researches and options.

Official data showed China's economy expanded 6.9 percent year-on-year in 2017, marking the first acceleration in the annual growth pace in seven years and well above the official target of around 6.5 percent.

In the past year, China has delivered improved economic growth, fiscal revenues Dawuane Smoot Youth Jersey , corporate profits as well as new growth momentum, which laid a good foundation for future development, Li said.

He said authorities must have a sense of urgency to ensure a good start to the year.

The draft version of the government work report, which will be delivered at the National People's Congress in March, will be distributed to government departments and local governments to solicit opinion, according to a decision made on Monday's meeting.

BRUSSELS A. J. Cann Youth Jersey , Jan. 23 (Xinhua) -- China does not control or dominate the decision-making of the Asian Infrastructure Investment Bank (AIIB), the bank's president Jin Liqun reiterated here on Monday.

As a Beijing-headquartered multilateral development bank with a mission to improve social and economic outcomes in Asia and beyond, AIIB now counts 84 members -- rising from 57 at its commencement two years ago.

AIIB has been applying high standards of governance based on international best practices to build the institution, Jin said in a speech to an event jointly hosted by think tanks the Bruegel and the Egmont Institute, noting that only 18 months into operation the bank received top ratings from all three international credit rating agencies.

The rating agencies once asked "how does China control this bank, how does China dominate the decision-making of this bank" Yannick Ngakoue Youth Jersey , Jin said.

"The answer is a straightforward no." Jin said, recalling the conversation at the time. "We don't feel it at all in the management team."

Asian countries account for 75 percent of AIIB's shares and non-Asian countries altogether account for 25 percent, which translate to voting power, but three out of the bank's five vice presidents are European.

"Belgium would be a full member very soon. I'm looking forward to Belgium's full membership in a couple of weeks or months," Jin said to the European audience. "I want Europeans to join this bank."

"In our executive committee meeting, we discuss thoroughly every issue before we reach consensus on making any decision. No decision has ever been made without thorough debate in the executive committee...It never ever has happened Dede Westbrook Youth Jersey ," he said.

INDIA IS MAIN BORROWER

While Jin did not in his speech address the AIIB's specific projects and borrowers, an analysis of the bank data shows that India has so far become AIIB's main borrower.

The bank's website lists 24 approved projects in 12 countries, with loans exceeding 4.2 billion U.S. dollars. Among them, there are five Indian projects totaling 1.074 billion, or more than a quarter of the lending.

That is in stark contrast with earlier fears -- largely from the West -- that China would channel money through AIIB to its "friends" over its "rivals", experts noted.

Available evidence shows that AIIB focuses on capacity of its projects to yield future returns Cam Robinson Youth Jersey , reflecting a sensible market-oriented objective approach as a development finance institution, Amitendu Palit, Senior Research Fellow at the Institute of South Asian Studies at the National University of Singapore, wrote in an email to Xinhua.

There is little possibility of China "favouring" any of its "friends" through the AIIB given its multilateral character and the fact that the quality of projects is the main criteria for funding, Palit added.

"I had got very clear message from the Chinese authority: this (AIIB) is going to be an international bank; (it) is not a Chinese bank and I would do it independently," Jin said at the end of his speech.

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