Chinese Premier Li Keqiang meets press
Premier Li Keqiang meets reporters from home and abroad at a news conference on March 20 at the end of the annual meeting of the National People's Congress. Here are highlights of the event.
 
China will continue opening up
 
China will open even wider to imports and investment, fully opening the manufacturing sector to foreign competitors and cutting tariffs on more imports, Chinese Premier Li Keqiang said Tuesday.
 
Li said at a news conference right after the closing meeting of the annual session of the 13th National People's Congress that the Chinese economy is so integrated into the global economy and closing the doors would only block China's own way.
 
"If there is something that will be different from the past, it will be that China will open even wider," Li said.
 
China will lift the foreign-owned equity limit in some areas and the country will fully open up the manufacturing sector.
 
"There will be no mandatory requirement for technology transfer, and intellectual property rights will be better protected,” Li stressed.
 
The premier also said the country plans to eliminate import tariffs on drugs and reduce tariffs on other imported goods.
 
Optimizing the business environment
 
China will continue to optimize the business environment, and make it easier for people to access government services.
 
Korean Peninsula issue
 
China welcomes the recent de-escalation of tensions on the Korean peninsula, and China supports all efforts that will help resolve the nuclear issue through dialogue and consultation, Premier Li Keqiang said.
 
Li made the remarks when asked about Beijing’s expectations for the peninsula situation at a press conference held at the end of the annual meeting of the National People's Congress in Beijing on Tuesday.
 
China will continue to do its best to push for the peninsula's denuclearization and secure peace and stability there, Li said.
 
It is hoped all parties involved will show sincerity, take concrete actions, and get the nuclear issue back on track for negotiations, so more new progress will be made towards the peninsula's denuclearization, peace and stability, Li said.
 
This is in the interest of all parties concerned and of the whole world, he added.
 
The peninsula is China's close neighbor and happenings there directly concern China's interests, so it should be expected China has been paying attention to the situation, Li said.
 
China-US relations
 
There will be no winner in a trade war should it happen between China and the United States.
 
China confident it can forestall risk
 
China is capable of preventing systemic financial risks given the country's sound and stable economic growth, Premier Li Keqiang said Tuesday.
 
The capital adequacy ratio and provision coverage ratio of the Chinese banking sector are higher than required by international standards, Li said. Banks must also put aside reserves worth about 15 percent of total deposits, meaning the banking sector has more than 20 trillion yuan ($3.16 trillion) as reserves, according to Li.
 
The premier made the remarks at a news conference after the closing meeting of the annual session of the 13th National People's Congress.
 
Li said China has achieved double-digit growth of fiscal revenue in the first two months of this year and the government is confident it will achieve its main economic development targets.
 
The government will continue to lower its fiscal deficit ratio, but this does not mean any change in the country's proactive fiscal policy stance, Li said.
 
Meanwhile, China will continue to crack down on illegal fundraising to protect the interests of investors. The merger of the country's banking and insurance regulators is aimed at preventing activities that evade regulation, he added.
 
China-Russia relations
 
There is still potential in China-Russia trade. China aims to lift China-Russia trade to 100 billion US dollars this year. Stable and amicable relations between China and Russia is of interest to the world.
 
China opposes attempts for 'Taiwan independence'
 
China will not tolerate the attempt of any external force to use Taiwan as a card to cause difficulties for cross-Straits relations.
 
Beijing is ready to have dialogues and consultation with all political parties and groups in Taiwan who adhere to the one-China principle to discuss all issues that concern people on both sides and work for peaceful development of cross-Straits relations to eventually achieve China's peaceful reunification.
 
Serious disease insurance to cover 20m Chinese
 
More than 20 million Chinese people will be covered by a serious disease insurance program as the government is increasing subsidies this year.
 
Premier considers visiting Japan this year
 
Chinese Premier Li Keqiang said that he would consider attending the China-Japan-ROK leaders' meeting and paying an official visit to Japan in the first half of this year.
 
 

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