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Politics

Highlights of Chinese Premier's government work report(2)

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2019-03-05 09:26:57Ecns.cn Editor : Gu Liping ECNS App Download
Special: NPC, CPPCC Sessions 2019

On fiscal and monetary policies

China to continue proactive fiscal policy and prudent monetary policy

Unveiling a series of economic and social development goals for 2019, China's annual government work report, delivered on Tuesday by Premier Li Keqiang at the second session of the 13th National People's Congress, reiterated the country's macro policy targets.   

China continue battle against potential financial risks in 2019

China will balance maintaining stable growth and guarding against risks to sustain healthy economic development in 2019, according to the government work report at the annual legislative session on Tuesday.

 

On foreign investment

China to do more to attract foreign investment in 2019

China will do more to attract foreign investment in 2019, according to a government work report available to the press Tuesday ahead of the annual legislative session.

China to hold second Belt and Road Forum in 2019: Premier Li

Chinese Premier Li Keqiang said China will hold the second Belt and Road Forum for International Cooperation later this year and advance third-market cooperation.

On anti-corruption

China continues to push its anti-corruption campaign

Efforts should continue to be carried out to improve the political ecosystem of the Communist Party of China (CPC), Premier Li Keqiang said on Tuesday. The Party's key regulations, including the eight-point decision to improve Party and government conduct, need to the wholeheartedly implemented, he added.

On government spending 

China to further cut spending on official overseas visits, vehicles, hospitality

The Chinese central government will cut its general expenditures by 5 percent, and reduce spending on official overseas visits, official vehicles, and official hospitality by another 3 percent, says a government work report. 

On employement

China targets over 11 million new urban jobs in 2019  

China will create over 11 million new urban jobs in 2019, says a government work report available to news media on Tuesday morning ahead of the annual legislative session. 

On industries and business

Premier Li: China to cut VAT by three percentage points

China will reduce the current value-added tax (VAT) rate of 16 percent for manufacturing and other industries to 13 percent, and lower the rate for such industries as transportation and construction from 10 to nine percent, Premier Li Keqiang said on Tuesday.

China to increase small business loans by over 30 pct in 2019 

Loans to be granted to small and micro businesses by China's large state-owned commercial banks will increase by over 30 percent in 2019, says a government work report.  

China to cut corporate burden by nearly 2 trln yuan in 2019

China will reduce the tax burdens and social insurance contributions of enterprises by nearly 2 trillion yuan (about 298 billion U.S. dollars) this year, according to a government work report delivered Tuesday by Premier Li Keqiang at the opening meeting of the annual legislative session.

China to issue 2.15 trln yuan of special local govt bonds in 2019

China will issue 2.15 trillion yuan (about 320 billion U.S. dollars) of special local government bonds this year, an increase of 800 billion yuan over last year, says a government work report.

China to expand Intelligent+ initiative to transform traditional industries

China will create industrial Internet platforms and expand Intelligent Plus initiatives to facilitate transformation and upgradation of manufacturing sector, according to the government work report delivered by Chinese Premier Li Keqiang during the second session of the 13th National People's Congress (NPC) on Tuesday.

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