Changes call for innovation, and innovation leads to progress. by Li Keqiang

Changes call for innovation, and innovation leads to progress.

Li Keqiang

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Categorized in : Innovation Progress

The peninsula problem can be said to be complicated and long-standing, and it cannot be solved overnight.

Of course, we are faced with many uncertain factors this year. We have to prepare more and we have reserved policy room (to address uncertainties), moreover, we can deploy quantity-based or price-based policy tools such as reserve requirements and interest rates. This is not monetary easing but to more effectively support the real economy.

Not allowing the economy to slip out of a reasonable range, that is to say we will not allow waves of layoffs.

We hope that the consultations will be fruitful and will achieve mutual benefit and win-win. I believe that this is also the expectation of the world.

We will implement the military strategy for the new era, strengthen military training under combat conditions, and firmly protect China's sovereignty, security and development interests, we will further implement the military-civilian integration strategy, and speed up efforts to make innovations in defense-related science and technology.

The environment facing China's development this year is more complicated and more severe, there will be more risks and challenges that are either predictable or unpredictable and we must be fully prepared for a tough battle.

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.

Implementing tax cuts for small and micro enterprises is mainly t... by Li Keqiang

Implementing tax cuts for small and micro enterprises is mainly to support employment.

It is two-way traffic, ...Opening up has been a key driver of China's reform agenda so we will continue to open wider to the world, including widening market access for foreign investors.

If Europe is weakened, it will only be bad news for China, not the other way around, this platform needs to stay open. It needs to be transparent.

For foreign products which meet Chinese consumer needs, we would open the door wider... We would lower overall import tariffs to the Chinese market.

Trade war is never a solution, china would never start a trade war but if any party resorts to an increase of tariffs, then China will take measures in response to protect development interests.

There are no winners from Fighting a trade war. by Li Keqiang

There are no winners from Fighting a trade war.

I explained to Mr Prime Minister that in recent years we have bought quite a lot of passenger aircraft, and there needs to be a period to digest this, in spite of this, we are still willing to strengthen cooperation with France's Airbus.

We believe that relevant frictions and disputes can be resolved via talks. There are no winners from fighting a trade war, all sides should join together to expand growth and not engage in putting up trade barriers or protectionism. This is good for nobody.

China's door is open. You can say it will open even wider. by Li Keqiang

China's door is open. You can say it will open even wider.

If they come across any problems during their investment, especially when it comes to legal protections, I can clearly tell you that China is striding forward to being a country with rule of law.

We don't want to see taking sides, as happened during the Cold Wa... by Li Keqiang

We don't want to see taking sides, as happened during the Cold War.

We should not regulate new things to death, but should first observe. This gives them a chance to develop, which also helps expose gaps in regulation and will make subsequent policies more fair and effective.

At present our country has 12,000 drug wholesalers, 5,000 production firms and more than 400,000 drug retailers. Regulatory targets are many, but there are few people on the ground, making regulation difficult, there aren't even 500 people with the aptitude to inspect drugs. There are dead spaces and blind zones for regulation and inspection.