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[Homework]
Behind these imposing pillars the Great Gall of the People here in Beijing, the economic supremo of this country Li Keqiang is giving his address on his vision for China's economic future for this year and for the next five years. So let's start with the numbers. The target for growth in 2016 is gonna be between 6.5-7 percent. It gives the Chinese government a bit more flexibility than usual. Last year, it came in at 6.9 percent. And premier Li is also talking about the future. The next five-year plan growth would come in at a least 6.5 percent if it's to achieve the goal of a moderately prosperous economy. That is what the party is aiming to achieve by 2020. How are they going to do it? A lot of it would be driven by technology in industry by innovation. 50 million new jobs will be created over the next 5 years, 10 million this year. It all sounds good in the headlines, but there are real obstacles to achieving these targets. Reform of many industries in China is only just beginning. Millions of people face layoffs. The debt mountain continues to grow and grow here in China, and many economists say the actual real level of growth is now near 6.9 percent. It's close to the 4 percent. These are the issues that China faces, and in a slowing global economy it makes it ever more difficult to get the results the Premier Li says he can deliver.