The top priority of the financial sector is to support the development of the real economy. The truth is, the dysfunctional real economy presents the largest risk to the financial markets.
Whether it is stock markets or bond and currency markets, they are after all markets, so we will continue to pursue market-oriented reform and establish a sound, legal framework for the operation of those markets.
The campaign of mass entrepreneurship and innovationis to put in place a platform for the development of various types of companies and research institutions, and to create a broad space for crowd-funding, crowd innovation and crowd-sourcing.
When we bring into full play the enthusiasm and creativity of all our people, it will generate a powerful momentum. With that momentum and our firm determination, we will be able to withstand the downward economic pressure and achieve faster economic transformation. Ultimately, a country's prosperity and development would not be possible without the full involvement of all its people and that will also be a process for us to boost the all-round human development
Nationally speaking and in the long run, there will absolutely be no problem for meeting pension payments by the Chinese government.
To ensure that the elderly will be provided for, cannot and will not be an empty promise.
To develop culture will help us enhance moral strength in the course of pursuing modernization. We should not only work hard to create rich material wealth, but also meet our people's growing cultural needs and win the respect of other countries with the strength of culture and civilization.
The Chinese government is fully determined to achievenational portability of medical insurance schemesat a faster pace. This year we will basically achieve direct settlement of such expenses at the provincial level. And we also plan to use two years of time to achieve the direct settlement of hospitalized expenses by retired elderly people in places away from their hometowns, so as to remove this high concern in the minds of our people.
And we also develop appropriately scaled farming in agriculture to boost labor productivity and enhance the competitiveness of our agricultural products.In a word, the central government will continue to support the development of agriculture and enhance the well being of Chinese farmers.
All in all, we will continue to give very high priority to all issues related to agriculture, farmers and rural areas. And we will also pay very high attention to protecting the lawful interests of workers in the industrial sector.