In the current stage of development, China has to deal simultaneously with the slowdown in economic growth, making difficult structural adjustments, and absorbing the effects of previous economic stimulus policies. As resource-related and environmental constraints grow and costs for labor and other factors of production rise, a model of development that draws on high levels of investment and energy consumption and is heavily driven by quantitative expansion becomes difficult to sustain. We must therefore improve the economic structure while ensuring steady growth.

"减法"

Cuts

所有行政审批事项都要简化程序，明确时限，用政府权利的"减法"，换取市场活力的"乘法"。

Procedures and processes must be simplified and time frames must be clarified for all items requiring administrative review, and cuts to government power will be made to boost market vitality.

中国制造2025

Made in China 2025

推动产业结构迈向中高端。制造业是我们的优势产业。要实施"中国制造2025"，坚持创新驱动、智能转型、强化基础、绿色发展，加快从制造大国转向制造强国。

Manufacturing is a traditionally a strong area for Chinese industry. We will implement the "Made in China 2025" strategy; seek innovation-driven development; apply smart technologies; strengthen foundations; pursue green development; and redouble our efforts to upgrade China from a manufacturer of quantity to one of quality.

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