President Hu Stresses Economic Restructuring, Agricultural Production While Visiting Henan Province

Resource from: CBCC Likes:2893

Jul 19,2010

Chinese President Hu Jintao has stressed economic restructuring, agricultural production and the role of grass-root party organizations during his visit to the city of Luoyang in central Henan province. Hu visited state-owned enterprises, research institutes and talked with local farmers during this trip from Friday through Sunday. At Citic Heavy Industries Co., Ltd., the largest manufacturer of mining machinery in China, Hu learned that the company had shifted focus from manufacturing to research and development. He said innovation is the lifeblood of a company. He also visited a tractor manufacturing plant and a bearing producing company,Yto Group Corporation and Luoyang LYC Bearing Co.,Ltd both enjoying rapid growth thanks to restructuring. Hu asked officials at the two companies to continue with their restructuring and their ongoing expansion through innovation.He hoped that Luoyang LYC Bearing Co.,Ltd will be built as a world-class bearing R&D manufacutring base rely on mechanisms and innovation. Hu also visited two research institutes. At China Aviation Lithium Battery Research and Development Center, Hu asked the center to seize the opportunity as the new energy industry is booming and the market demand for lithium batteries is expanding. At another research institute, Hu stressed the role of talent in scientific and technological research. Hu also urged the province to to do a good job in agricultural production this year, as Henan contributes the largest share of crops in China. At the end of his visit, Hu urged continuing efforts to transform the economic growth pattern, adjust the economic structure, increase the amount of indigenous innovation, continue to promote energy conservation, emission reduction and environmental protection as well as reform and opening up.

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