Archive for ‘Premier Li’


Premier Li meets Japanese officials


Chinese Premier Li Keqiang meets with Japanese Foreign Minister Taro Kono and some other cabinet ministers who are here to attend the fifth high-level economic dialogue between China and Japan in Beijing, capital of China, April 15, 2019. (Xinhua/Rao Aimin)

BEIJING, April 15 (Xinhua) — Chinese Premier Li Keqiang Monday met with Japanese Foreign Minister Taro Kono and some other cabinet ministers who were here to attend the fifth high-level economic dialogue between China and Japan.

Li said China and Japan are important neighbors. Since last year, through joint efforts, bilateral relations have returned to the right track and achieved new development. On the basis of the principles enshrined in the four China-Japan political documents, the two sides should promote the long-term, healthy and stable development of bilateral relations in the spirit of taking history as a mirror and looking into the future.

He said since China and Japan are two of the world’s major economies, strengthening cooperation is not only in the interests of the two countries but also conducive to peace, stability and prosperity in the region and world.

As both sides support free trade and abide by the rules of the World Trade Organization, they should work together to create a fair, equitable and non-discriminatory business environment for each other’s companies, said Li.

The Chinese side will unswervingly deepen reforms and expand opening up, and welcome Japanese companies to expand investment in China, Li added.

China and Japan successfully held the first meeting of the China-Japan Innovative Cooperation Mechanism this April, said Li, expressing the hope that the two countries further enhance cooperation in the area of innovation and expand cooperation in the areas of finance, third-party market and tourism.

The premier said China stands ready to work with Japan and other relevant parties to promote the negotiation of the China-Japan-Republic of Korea free trade agreement and the Regional Comprehensive Economic Partnership (RCEP) to create more opportunities for regional countries.

China supports Japan in hosting the G20 Okasa Summit this year, Li said, adding that China is willing to jointly promote the reform of global economic governance to inject new impetus into the world economy.

Hailing that Japan-China ties returned to normal last year and the high-level economic dialogue yielded fruitful results, Taro Kono said Japan-China relations in the new era were greatly intensified.

Japan is willing to enhance cooperation with China in areas such as innovation, finance, environmental protection, hydrogen-energy, tourism, youth, smart city and the third-party market, deepen coordination in multi-lateral areas and promote the RCEP negotiation to achieve new progress this year.

Source: Xinhua


Premier Li proposes multiple measures for future China-CEEC cooperation


Chinese Premier Li Keqiang (front) attends the eighth leaders’ meeting of China and Central and Eastern European Countries (CEEC) in Dubrovnik, Croatia, April 12, 2019. (Xinhua/Shen Hong)

DUBROVNIK, Croatia, April 12 (Xinhua) — Chinese Premier Li Keqiang on Friday proposed a series of measures to promote cooperation between China and Central and Eastern European Countries (CEECs).

Li made the proposal when addressing the eighth China-CEEC leaders’ meeting in the Croatian city of Dubrovnik.

Li noted that Chinese President Xi Jinping recently made successful visits to three European countries, injecting new impetus into deepening development of the China-European Union (EU) comprehensive strategic partnership.

As part of the China-EU relations, the China-CEEC cooperation mechanism has been conducive to promoting European integration process and advancing the China-EU ties, the premier said.

Members of the mechanism stick to the principles of mutual respect and equal treatment, uphold the spirit of openness and inclusiveness, follow international rules and EU laws and regulations, and respect the responsibilities and obligations that EU members among the 16 CEECs need to fulfill, Li said.

The cooperation mechanism attaches equal importance to trade and investment, and combines economic cooperation with people-to-people exchanges, having not only promoted common development but also facilitated Europe’s balanced development, said Li.

The mechanism has become a major pillar for China-EU comprehensive cooperation, he added.

Noting that the leaders’ meeting takes “Building new bridges through openness, innovation and partnership” as its theme, Li called for making the bridge of openness broader, the bridge of innovation clearer, and the bridge of partnership more solid.

On future development of the China-CEEC cooperation, Li called for jointly defending multilateral trade system, upholding such basic principle as openness, transparency, inclusiveness and non-discrimination, and sticking to the direction of trade liberalization.

On expanding trade volume, Li said China is willing to import more high-quality agricultural products from the CEECs and make it easier for such products to be exported to China.

Calling for joint efforts to build the Belt and Road, the premier said China is willing to enhance the alignment between its development strategies and those of the CEECs, stick to the principles of extensive consultation, joint contribution and shared benefits, and better draw on complementary advantages, so as to achieve win-win results and common prosperity.

Urging greater efforts to boost innovation cooperation, Li said China is willing to work with the 16 countries to conduct joint research, expand scientific and technological exchanges, and cultivate growth points through innovation cooperation.

The premier also stressed the importance of jointly safeguarding a fair, just and non-discriminatory market environment.

Li also called for continued efforts to promote cooperation in the fields of small and medium-sized enterprises (SMEs) and industrial park building, adding that China and the CEECs have held cross-border matching events of SMEs, and launched a website for the SMEs coordination mechanism.

Calling for stepped-up efforts to conduct people-to-people exchanges, Li said China and the CEECs should take the Year of Education and Youth Exchange as an opportunity to enhance exchanges and cooperation among universities and colleges and promote mutual understanding and friendship between young people.

Announcing that China will host the ninth China-CEEC leaders’ meeting in 2020, Li said he expects CEEC leaders to attend the meeting and jointly sketch out a new blueprint for the China-CEEC cooperation.

On their part, CEEC leaders said, after the launch of the cooperation mechanism, the CEECs and China have seen their pragmatic cooperation bearing remarkable fruits, political mutual trust continuously strengthened, trade and investment rapidly growing, and cooperation in fields including education, tourism and culture continuously deepened.

The cooperation mechanism has continuously shown new vigor and vitality and become an important cross-region cooperation platform featuring openness, inclusiveness, mutual benefits and win-win results, they said.

The mechanism has not only boosted economic growth of each country and enhanced the wellbeing of their people, but also effectively promoted the overall EU-China relations, they said.

All sides are ready to take this meeting as an opportunity to fully support the implementation of CEEC-China cooperation projects, further promote connectivity and infrastructure building, actively participate in the joint building of the Belt and Road, continuously expand trade volume, jointly safeguard multilateralism and free trade, increase personnel exchanges, and expand exchanges and cooperation at local levels and in fields including tourism, health, sports, and think tanks, the CEEC leaders said.

After the meeting, China and the CEECs jointly published The Dubrovnik Guidelines for Cooperation between China and Central and Eastern European Countries, and the leaders witnessed the signing of more than 10 cooperation agreements.

Greece was accepted as a full member of the China-CEEC cooperation mechanism, according to a decision made by the meeting.

Later on Friday, Li and Croatian Prime Minister Andrej Plenkovic met the press after the leaders’ meeting.

Both leaders spoke highly of the new progress made in the China-CEEC cooperation and called the meeting efficient, pragmatic, fruitful and successful.

Speaking to reporters, Li said, faced with the current complicated international situations, all sides should work to safeguard multilateralism and free trade.

As a cross-regional cooperation platform, the China-CEEC cooperation mechanism now serves as an important part of and a beneficial supplement to the China-EU cooperation, Li said.

Source: Xinhua


China Focus: Premier Li’s Europe visit to inject impetus to China-EU ties

BEIJING, April 3 (Xinhua) — Chinese Premier Li Keqiang’s upcoming visit to Europe will intensify cooperation between China and European countries and provide new impetus to the China-EU comprehensive strategic partnership, a Foreign Ministry official said Wednesday.

Li’s visit, scheduled for April 8 to 12, will take him to Brussels for the 21st China-EU leaders’ meeting, and Croatia for an official visit and the eighth leaders’ meeting of China and Central and Eastern European countries (CEEC), Vice Foreign Minister Wang Chao said at a press briefing.

This is the first overseas trip to be made by Li this year as well as another significant high-level exchange between China and Europe after Chinese President Xi Jinping’s successful state visits to Italy, Monaco and France in March, demonstrating the importance that China attaches to its relations with Europe, Wang noted.


“The China-EU leaders’ meeting, a high-level platform for strategic communication between the two sides, has played a leading role in deepening China-EU relations and promoting dialogue and cooperation,” Wang said.

He stressed that this year’s meeting, the fifth co-chaired by Premier Li, European Council President Donald Tusk and European Commission President Jean-Claude Juncker, will be the last China-EU leaders’ meeting during the tenure of the current EU institutions, thus bearing transitional significance.

China and the EU are enjoying sound development of ties, close high-level connections, deepening cooperation and robust people-to-people exchanges, he added.

“We share broad common interests in deepening win-win practical cooperation, common positions on upholding multilateralism and free trade, and common goals in improving global governance and maintaining world peace and stability.”

Leaders of the two sides will exchange views on bilateral ties and major international and regional issues of common concerns, and witness the signing of cooperation documents on energy, competition policies and other areas, Wang said.

“We believe that this meeting will inject new impetus to the China-EU comprehensive strategic partnership, take our dialogue and cooperation across the board to a new level, and strengthen the stability, reciprocity and strategic significance of our relations,” Wang said.


Wang Chao said China-CEEC cooperation (16+1 cooperation) was a beneficial mechanism of regional cooperation between China and Central and Eastern European (CEE) countries, and has provided a platform for China and CEE countries to deepen traditional friendship and enhance mutually beneficial cooperation.

Initiated in 2012, the 16+1 cooperation has gained broad support and active participation from 16 CEE countries, and has built up an all-round and multi-tiered cooperation framework, said Wang, adding that the 16+1 cooperation has played a positive role in promoting trade and expanding pragmatic cooperation across-the-board between China and other countries.

This year marks the 70th anniversary of the founding of the People’s Republic of China. Some CEE countries also established diplomatic relations with China 70 years ago.

Wang said this year’s meeting, to be held in Croatian city Dubrovnik, was of important significance to the promotion of the steady, long term development of 16+1 cooperation as well as China-Europe relations.

Noting the theme of this year’s meeting of building new bridges of openness, innovation and partnership, Wang said leaders attending the meeting would review new progress of 16+1 cooperation, have insightful discussions on key future work directions, and announce a series of new measures on pragmatic cooperation.

China hopes that the 16+1 cooperation will become a bridge of openness, innovation and partnership through enhancing exchanges and cooperation of mutual benefit and win-win results, he said.

According to the vice minister, outcome documents charting 16+1 cooperation will be released after the meeting and related parties will ink cooperation agreements on infrastructure construction, trade, finance, education, quality inspection, personnel exchanges, and mutual recognition of driving licenses.

China believes this year’s meeting will inject new impetus to relations between China and the CEE countries and the development of the China-Europe comprehensive strategic partnership, he said.


“Li’s visit will be the first ever by a Chinese premier to Croatia since the establishment of diplomatic ties. Therefore, it is significant in consolidating traditional friendship and advancing our comprehensive cooperative partnership as well as China-EU relations,” Wang Chao said.

Hailing Croatia as an important member of CEE countries and a key stop on the ancient Silk Road, Wang said relations between China and Croatia had been growing rapidly with the development of the Belt and Road Initiative and 16+1 cooperation.

In addition to close top-level exchanges, fruitful cooperation in trade, investment and infrastructure construction, and ever-deepening friendship between the two peoples, China-Croatia relations face a broad space for future development, he added.

During Li’s visit, the two sides will issue a joint statement summarizing any important consensus reached by their leaders and mapping out future cooperation. The prime ministers of the two countries will witness the signing of government cooperation documents and commercial contracts covering multiple sectors.

China hopes the visit will help synergize both countries’ development strategies, enhance mutual understanding and political trust, deepen cooperation and bring bilateral ties to a higher level, Wang said.


Xinhua Headlines: China advances all-round opening-up at “two sessions”

Xinhua Headlines: China advances all-round opening-up at "two sessions"

Visitors are seen at a tulip fair at Baiwankui garden in Nansha free trade zone in south China’s Guangdong Province, Feb. 9, 2019. (Xinhua/Liu Dawei)

BEIJING, March 7 (Xinhua) — China expects to see wider opening-up as it pledges to do more to attract foreign investment and promote global cooperation at the ongoing annual “two sessions.”

“We will promote all-round opening-up and foster new strengths in international economic cooperation and competition,” Chinese Premier Li Keqiang said when delivering the government work report to the annual legislative session Tuesday.

At the session, further relax of controls over market access has been announced, a draft foreign investment law will be deliberated, and the Belt and Road cooperation has been promoted.


The government will further shorten the negative list which outlines fields off-limits to foreign investors, Ning Jizhe, deputy director of the National Development and Reform Commission, told a press conference on the sidelines of the annual legislative session Wednesday.

China will roll out more opening measures to the agriculture, mining, manufacturing and service sectors, and allow wholly foreign-funded enterprises to operate in more sectors, Ning said.

John Huang with the British information service provider Experian believes that international investors will welcome China’s further opening-up.

“Some core industries, once considered to be ‘the most difficult areas to open up,’ such as automobile manufacturing and financial services, are now welcoming foreign investment,” said Huang, managing director for decision analytics of Experian Greater China.

“The Chinese government’s consistent commitment to opening-up has given foreign enterprises confidence about the business environment here,” said SangBoem Han, CEO of LG Display from the Republic of Korea.

In July 2018, LG Display opened an OLED panel factory in south China’s Guangdong Province with a total investment of 46 billion yuan (6.9 billion U.S. dollars).

China saw a record foreign direct investment of 135 billion U.S. dollars in 2018 despite a global economic downturn and rising protectionism.

“In the early days, foreign firms received preferential policies regarding land, electricity and taxes in China,” Han said, “but more recently, the government has increased its protection of intellectual property and improved efficiency.”


On Tuesday, Premier Li emphasized opening up based on rules and related institutions.

This will help China better conform with the international rules, said Zhang Jin, a national political advisor and businessman from Guangdong.

“This is also in line with China’s further integration with globalization and engagement in international competition,” Zhang said.

A highlight at this year’s “two sessions” is the draft foreign investment law, which is to be submitted to this year’s session of the 13th National People’s Congress (NPC) for review.

Once adopted, the unified law will replace three existing laws on Chinese-foreign equity joint ventures, non-equity joint ventures (or contractual joint ventures) and wholly foreign-owned enterprises.

The foreign investment law would be highly significant to protect legitimate rights and interests of foreign investors and ensure fair competition, said Loh Jen Yuh, president of China & Investment Management of CapitaLand Group, one of Asia’s largest real estate companies.

“The law shows China’s openness and the rule of law,” said Han, who hoped that the enact of the law would further improve China’s business environment.


Along with the efforts to attract foreign businesses, China is also stepping up the implementation of the Belt and Road Initiative (BRI) to benefit more participants.

To date, a total of 152 countries and international organizations have signed cooperation documents with China on the BRI.

“Many countries along the Belt and Road have shown their intention to cooperate with Chinese manufacturers,” said Wu Gang, a national political advisor and chairman of wind power firm Xinjiang Goldwind Science & Technology.

“We are more confident in going global under the government’s favorable policies related to the BRI,” said Wu, whose business has gained great market shares in Pakistan and Australia.

According to the government work report, China will continue to “promote the joint pursuit” of the BRI, aiming at “shared growth through discussion and collaboration.”

China has signed free trade agreements with over 20 countries and regions. According to Zhao Ji, a national political advisor and president of China’s Northeastern University, the country’s efforts to strengthen the opening-up are especially important against the weak global economic growth.

“The development of China, which has been closely connected with the world, will continue to play a key role in promoting globalization,” Zhao said.

Source: Xinhua


China confident, capable of keeping economic growth within appropriate range in 2019: premier


Chinese Premier Li Keqiang has a discussion with some foreign experts working in China prior to the Chinese Lunar New Year, which falls on Feb. 5 this year, at the Great Hall of the People in Beijing, capital of China, Jan. 25, 2019. (Xinhua/Yao Dawei)

BEIJING, Jan. 25 (Xinhua) — Chinese Premier Li Keqiang said Friday that the country has full confidence and capability to keep economic growth rate within an appropriate range in 2019 despite challenges.

The remarks came as Li had a discussion with some foreign experts working in China at the Great Hall of the People in downtown Beijing prior to the Chinese Lunar New Year, which falls on Feb. 5 this year.

“China’s economy has enough resilience, potential and ample room for growth, especially with a huge domestic market and rich human resources of nearly 1.4 billion people, therefore, we are fully confident and capable of keeping economic growth rate within an appropriate range in spite of multiple risks and challenges in 2019,” Li told foreign experts.

China’s economy, the world’s second largest, grew 6.6 percent year on year to reach 90.0309 trillion yuan (about 13.28 trillion U.S. dollars) in 2018, above the official target of around 6.5 percent, according to data issued by the National Bureau of Statistics on Monday.

“The growth rate of 6.6 precent is hard-won, as it is on the basis of China’s very high economic output, fairly sufficient employment and continuous improvement of environment,” said Li.

China will forge ahead with reforms unswervingly and inspire the vitality and creativity of some 100 million market entities, Li said.

He said China will further streamline administration, delegate more power, strengthen regulation, provide better services, reduce taxes and fees on a larger scale, further ease market access and provide a business environment of fair competition.

China is committed to opening wider to the outside world and learning advanced technology and experience from foreign countries, he said.

As a developing country, China will stick to inclusive development, said Li.

“China welcomes the entry of all competitive commodities and technology in the world, and we will strictly protect intellectual property rights and speed up the market transformation of innovation results,” the premier said.

Li had an in-depth exchange of views with renowned experts from the United States, Germany, Britain, Cuba and Sweden about their advice and suggestions on issues including economic growth, scientific innovation, intelligence manufacturing and environment protection.

The experts were Paul Romer, Nobel laureate in economics and professor at New York University; Peter Sachsenmeier, member of the National Academy of Sciences and Engineering of Germany and professor at Oxford University; Konstantin Novoselov, Nobel laureate in physics and professor at the University of Manchester; Juan Jesus Guanche Perez, a Cuban academician and vice president of Hebei Foreign Studies University; and Christopher Flensborg, a Swedish expert in finance.

Welcoming foreign experts to work in China, Li said China will further improve policies to better facilitate their work and life and hopes that they will offer more advice to promote the common development of China and the world.



Premier Li seeks opinions, suggestions for draft report of government work


Chinese Premier Li Keqiang, also a member of the Standing Committee of the Political Bureau of the Communist Party of China (CPC) Central Committee, presides over a symposium where he consults representatives from the education, science and technology, culture, health, and sports sectors, as well as members of the public, on a draft version of the government work report, in Beijing, capital of China, Jan. 18, 2019. Vice Premier Han Zheng, also a member of the Standing Committee of the Political Bureau of the CPC Central Committee, attended the symposium. (Xinhua/Wang Ye)

BEIJING, Jan. 20 (Xinhua) — Premier Li Keqiang has said the government should work to address key and difficult problems closely related to the people’s well-being and advance a harmonious development of economy and society.

Li, also a member of the Standing Committee of the Political Bureau of the Communist Party of China (CPC) Central Committee, made the remarks when presiding over a symposium Friday where he consulted representatives from the education, science and technology, culture, health, and sports sectors, as well as members of the public, on a draft version of the government work report.

Seven representatives from relevant fields introduced achievements in their work and gave suggestions on improvements to the draft report.

Vice Premier Han Zheng, also a member of the Standing Committee of the Political Bureau of the CPC Central Committee, attended the symposium.

Premier Li said that to accomplish the work for the year, the government needs to rely on the people pulling together and also to make efforts to unleash market vitality and resist the downward pressure on the economy.

Issues in the representatives’ speeches included education of higher learning, high-quality scientific and technological innovation, urban and rural landscape protection, advancing a healthy development of film and television industry by improving social governance and relying on rule of law, prevention and control of chronic diseases of children, vaccine management, winter sports promotion and building a talent pool for the rural vitalization.

Li listened to their opinions, gave responses and asked relevant government departments to pay attention to the issues and improve their work in these regards.

Source: Xinhua


Chinese premier urges efforts to keep growth within reasonable range


Chinese Premier Li Keqiang presides over a plenary meeting of the State Council, which discusses a draft version of the government work report and analyzes economic work in the first quarter of 2019, Jan. 14, 2019. (Xinhua/Rao Aimin)

BEIJING, Jan. 14 (Xinhua) — Chinese Premier Li Keqiang on Monday called for efforts to ensure economic growth within a reasonable range.

Chairing a plenary meeting of the State Council, which discussed a draft version of the government work report and analyzed economic work in the first quarter of 2019, Li said the country faces a more complicated development environment this year, with growing challenges and downward pressure on the economy, creating arduous tasks for the government.

He urged efforts to strike a balance among stabilizing growth, promoting reforms, restructuring, improving people’s well-being and preventing risks.

The government will strive to innovate and improve its macro-regulation but not resort to massive economic stimulus, Li said.

He said the country will keep economic growth within a reasonable range through range-based, targeted and precise regulation, and resist downward pressure with market vitality unleashed by reform and opening-up.

The government will continue to improve the business environment, foster new momentums, improve weak links, expand the domestic market, and promote coordinated development among different industries and regions.

Efforts will be made to extend the country’s advantage of having sufficient maneuver room for economic development, improve people’s living standards, promote high-quality development, and lay a solid foundation for securing a victory in building a moderately prosperous society in all respects, Li said.

He urged relevant authorities to better implement policies aimed at supporting enterprises and improving people’s livelihood, stabilize and boost market confidence, and strive for a good start to the economy in the first quarter to create conditions favorable to achieving major economic and social development targets set for 2019.

The country achieved its key economic and social targets in 2018, which Li said were “hard-won.”

The draft version of the government work report, which will be submitted for deliberation at the annual session of the National People’s Congress in March, will be distributed to provincial governments and central government departments to solicit opinions, according to a decision made at the meeting.


China’s premier says tax cuts support employment, economic stability

SHANGHAI (Reuters) – China’s plans for tax cuts targeting smaller companies will help to support employment and economic stability, and will expand the country’s tax base over the long term, Premier Li Keqiang was quoted as saying on Saturday.

“Implementing tax cuts for small and micro enterprises is mainly to support employment,” Li said in comments posted on the Chinese government’s website.

Developing and strengthening small companies is linked to economic stability and stable employment, he said.

“Looking at the long term, this will continue to expand the tax base, conserve tax resources and ultimately achieve wins for mass employment, corporate profits and fiscal revenues,” he was quoted as saying, referring to the corporate tax cuts.

Li’s comments come amid growing official concern over China’s slowing economic growth and its impact on the labour market.

Chinese authorities plan to set a lower economic growth target of 6 to 6.5 percent in 2019, compared with “around” 6.5 percent in 2018, sources told Reuters, as weakening domestic demand and a damaging trade war with the United States drag on business activity and consumer confidence.

Analysts expect that China’s economy grew around 6.6 percent last year, its slowest pace since 1990, and it is expected to cool further in coming months before a slew of support measures start to kick in.

“The bottom line for the policymakers is social stability, which is crucially tied to the unemployment rate and job creation,” analysts at BoAML said in a recent note. “With U.S.-China trade risks still looming large, we believe policymakers would not hesitate to take pre-emptive measures to stabilise expectations on job stability.”

More growth boosting steps are expected this year as policymakers seek to avert the risk of a sharper slowdown.

China’s State Council, or cabinet, said on Jan. 9 that it would further reduce taxes for smaller companies. On Friday, Finance Minister Liu Kun said authorities would step up tax and fee cuts to lower corporate burdens.


Premier Li meets delegates attending Understanding China Conference


Chinese Premier Li Keqiang meets with delegates attending the third Understanding China Conference at the Great Hall of the People in Beijing, capital of China, on Dec. 17, 2018. (Xinhua/Liu Weibing)

BEIJING, Dec. 17 (Xinhua) — Chinese Premier Li Keqiang on Monday met with delegates attending the third Understanding China Conference, pledging to press ahead with reform and opening up.

After listening to the speeches of former Mexican President Ernesto Zedillo, former British Prime Minister Gordon Brown, former Prime Minister of Denmark Helle Thorning-Schmidt, former Greek Prime Minister George Papandreou and former Director-General of the World Trade Organization Pascal Lamy, Li answered their questions and gave his opinions.

Li said he appreciated the delegates’ efforts to promote China’s exchanges with the world.

He said this year coincided with the 40th anniversary of China’s reform and opening up. Over the past 40 years, China has achieved remarkable development progress, which was underscored by the Chinese people’s hard work.

“China’s past achievements were realized by the reform and opening up, and future progress can only be made by further reform and opening up,” he said.

China will continue to deepen reforms, further press ahead the opening up, and commit itself to developing an open economy at higher level, he said, reiterating China’s stance to create a fair business environment for domestic and foreign companies, and strictly protect intellectual property rights.

“China has the conditions and ability to cope with various risks and challenges, and promote its economy to achieve high-quality development,” Li said.

The Chinese premier said that under the complex international situation, people should adhere to multilateralism and free trade, while treating problems in globalization and world trade from a development perspective.

China supports the reform and improvement of the WTO rules, Li said, urging for relevant reforms to be conducted while making rules that “stick to the general direction of trade liberalization, accommodate all parties’ concerns and interests, safeguard the development rights of developing members, and facilitate the narrowing of the North-South gap.”

Stressing that China would be a developing country for a long period, Li called on the world to understand more about a true China, hoping the delegates could be a bridge of communication and cooperation between China and the world, and make greater contributions to the common development of China and the world.

The delegates congratulated China on its achievements in various fields such as economic development, poverty relief and education, saying all countries should work together to promote the reform and improvement of global rules, safeguard multilateralism and free trade.

The three-day conference, which kicked off on Dec. 16, gathered nearly 600 people, including 40 global politicians, strategists and entrepreneurs.


Premier Li urges efforts to build up growth momentum


Chinese Premier Li Keqiang presides over a meeting with leading officials of some provinces and Guangxi Zhuang Autonomous Region on current economic trends and development for next year in Nanjing, capital of east China’s Jiangsu Province, Nov. 30, 2018. (Xinhua/Pang Xinglei)

NANJING, Dec. 3 (Xinhua) — In the face of challenges at home and abroad, Premier Li Keqiang has called for firmer, bolder efforts to expand reform and opening-up, build up growth momentum and push forward high-quality development.

Li made the remarks at a meeting about current economic trends and development for next year, held recently in Nanjing, capital of east China’s Jiangsu Province. It was attended by a number of leading provincial-level officials.

China has taken multiple, targeted measures to ensure a stable economy, with major full-year targets expected to be fulfilled, Li said. However, he warned of rising downward pressures amid complicated circumstances at home and abroad.

China will maintain the continuity and stability of policies, with measures to “ensure the proper intensity and tempo and improve the fine-tuning, and guide the market to form stable expectations,” he said.

The supply-side structural reform will remain as a major task, and the government will step up support for manufacturing, services and other forms of the real economy, in particular small and private enterprises, according to Li.

China will moderately expand domestic demand and propel consumption upgrades, Li said.

He said China will improve the efficiency of government funds, grant private capital easier market access and accelerate building major projects.

He urged governments of all levels to give priority to employment and build a business environment that is convenient, stable, transparent and fair.

The premier also promised lower taxes and fees, and stressed the role of the labor force in sustainable development.

Li also called on governments to take differentiated measures and make use of the country’s economic advantages to ensure the economy will perform well.

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