Reform fosters new growth impetus: vice premier

Chinese Vice Premier Zhang Gaoli (L) delivers a speech at the opening ceremony of the China Development Forum 2014 in Beijing, capital of China, March 23, 2014. (Xinhua/Huang Jingwen)

Deepening reform in China will foster new impetus for economic growth and provide room and opportunity for the world economy, Vice Premier Zhang Gaoli said Sunday.

Zhang made the remarks in a keynote speech to the China Development Forum 2014, a platform for the business and academic communities to interact with decision makers and economic planners.

The economy has the foundation for steady growth and the conditions for sustaining medium to high growth for a relatively long time, he said.

"Deepening comprehensive reforms will significantly stimulate the people's enthusiasm to innovate and start businesses, enhance the dynamism of market entities and foster new endogenous momentum for growth," Zhang said.