March 2019 - China ready to help economy under 'pressure' - News - SHOWCASE

17 March, 2019, 13:41 | Author: Myra Gill
  • A military band plays the national anthem during the closing session of the National People's Congress in Beijing's Great Hall of the People on Friday

Premier Li Keqiang also flatly denied USA warnings about the security risk Chinese tech giant Huawei poses, stating that Beijing will "never" ask companies to spy on other countries.

China's authorities intend to develop cooperation with Russian Federation in the sphere of internet trade, space and aircraft industry to double the volume of bilateral trade, increasing it to $200 billion, Premier of the People's Republic of China Li Keqiang told TASS at a news conference on Friday, Trend reports.

"This is not consistent with Chinese law and is not how China behaves", he said.

China would not let the world's second-largest economy "slip out of a reasonable range", Chinese Premier Li Keqiang (李克強) said yesterday, as he pledged support in the face of "new downward pressure".

"This is not in accordance with Chinese law, and is not how China does things".

Despite twists and turns, Li said the overall relationship between China and the United States will forge ahead, as their shared interests far outweigh differences.

However, the law that passed on Friday had just 41 articles, compared to a more-detailed 2015 draft with 170 articles that stalled in the National People's Congress.

The law will offer better legal support to the protection and attraction of foreign investment, as well as regulate government behaviours, Li said.

Chinese Premier Li Keqiang arrives for a press conference after the closing session of the National People's Congress in Beijing's Great Hall of the P
China announces plans to stabilise growth amid trade war with US

Similarly, there are 100 million children below six years who to need daycare centres, the premier said.

"We also hope that foreign governments can view in an objective light the cooperation between Chinese companies and their foreign partners based on contractual consent", he said.

Stable relations between China and the United States would bring "benefits" to both sides and the world, Li said at a press conference following the end of a parliamentary session. It did not elaborate.

Still, as U.S. China trade talks push on, there continues to be mixed signals about the likelihood of a possible positive outcome. Earlier this month, a hike in tariffs was put on hold because of promising progress, but USA officials have recently noted that "major issues" remain.

The Xinhua report and Li's remarks are a positive uptick. It is also unclear if the two countries' leaders may soon meet.

With speculation that Chinese President Xi Jinping and U.S. President Donald Trump may hold a summit in the near future to end a trade war, Li expressed readiness to make the nation's market more open and transparent to foreigners.

Getting to a final agreement will not be easy and the question of enforcement and follow up will be key.


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