Minister of Commerce Zhong Shan said a slew of measures will be taken this year to boost China’s social consumption, such as improving urban consumption, to promote
consumption upgrades, expand rural consumption, and develop service consumption while optimizing service supply.
The country will upgrade a number of pedestrian streets, optimize the layout of convenience stores, and encourage brand development and franchising.
The country will promote “selling agricultural products to the cities, while selling industr
ial products to the countryside”.hina’s investment environment is expected to become more stab
le, open and transparent, as the draft foreign investment law stipulates foreign enterprises will receive pre-established nati
onal treatment plus a negative list management system, according to the Ministry of Commerce on Saturday.
The foreign investment law is expected to help establish an environment where foreign co
mpanies can compete fairly in China, and better protect the legitimate rights and interests of foreign investors, Wang
Shouwen, vice-minister of commerce, said at a news conference during the two sessions.
Wang also cited that the law will protect the intellectual property rights of foreign investors an
d encourage technology cooperation based on voluntary principles and commercial rules.
Premier Li Keqiang delivered the government work report at the second session of the 13th National People’s Congress that opened in Beijing on Tuesday.
Here are the main 2019 goals for economic and social development from the report.
— GDP growth of 6-6.5 percent
— Over 11 million new urban jobs, a surveyed urban unemployment rate of around 5.5 percent, and a registered urban unemployment rate within 4.5 percent
— CPI increase of around 3 percent
— A basic equilibrium in the balance of payments, and stable, better-structured imports and exports
— A macro leverage ratio that is basically stable, and effective prevention and control of financial and fiscal risks
— A reduction of over 10 million in the rural poor population
— Personal income growth that is basically in step with economic growth
— A further improvement in the environment
— A drop of around 3 percent in energy consumption per unit of GDP
— Continued reductions in the discharge of major pollutants
and smart in securing a steady pace of growth while keeping potential sources of financial risk under control in the past few years.
“This, in turn, has benefited the global economy as a whole,” he said, adding that it is important to
continue to send the right signals in terms of both domestic policies and international engagement.
One of the interests of Leela Paudyal, the ambassador of Nepal to China, is learning about China’s solutions to the glob
al challenges of an economic slowdown so that the Chinese economy, and the global economy, will continue to thrive.
“I hope that the upcoming two sessions will carry forward the great mome
ntum in China’s growth and development by discussing and deliberating policies that sup
port and further accelerate the country’s forward march toward greater prosperity,” he said.
Luis Schmidt, Chile’s ambassador to China, has high expec
tations for what China has to say about international trade as a leading player.
the Chinese Academy of Social Sciences, expressed his optimism about the second summit and said that given the DPRK’s announcement that it would shift its strate
gic focus to economic development, the country will likely make concessions on giving up its nuclear weapons during th
is summit in exchange for the lifting of sanctions and the declaration of the end of the war.
Wang said denuclearization is an irreversible trend.
But Jenny Town, a research analyst at the Stimson Center in Washington, worried that it will be difficul
t for the two leaders to generate a specific road map and schedule for denuclearization at a single summit.
Also on Wednesday, the Republic of Korea’s presidential Blue House spokesman sa
id, “Whatever concessions Trump and Kim may make at their upcoming summit will be significant as th
ey will mean further progress toward the complete denuclearization of Pyongyang.”
Trump met separately with Vietnamese President Nguyen Phu Tro
ng and Prime Minister Nguyen Xuan Phuc earlier on We
dnesday. Kim is likely to meet the Vietnamese leaders during his two-day “official goodwill” visit after the summit w
ith Trump, given the local media reports saying Kim would leave the country on Saturday.
who rebel against the system. Permission is needed from a male guardian for many basic activities, including international travel.