http://en.xfafinance.com us-en Xinhua Finance Agency desdev@vip.qq.com http://en.xfafinance.com/html/Policy/2023/881399.shtml Xinhua Finance Agency Policy Mon, 13 Mar 2023 11:00:10 +0800 http://en.xfafinance.com/html/Policy/2023/881399.shtml
BEIJING, March 13 (Xinhua) -- To achieve the 2023 gross domestic product (GDP) growth target of around 5 percent on the current high base of China's economic output is not an easy task and requires redoubled efforts, Chinese Premier Li Qiang said Monday. ]]> http://en.xfafinance.com/html/Policy/2023/880958.shtml Xinhua Finance Agency Policy Fri, 10 Mar 2023 10:59:14 +0800 http://en.xfafinance.com/html/Policy/2023/880958.shtml
BEIJING, March 10 (Xinhua) -- Xi Jinping was unanimously elected president of the People's Republic of China (PRC) and chairman of the Central Military Commission (CMC) of the PRC on Friday at the ongoing session of the 14th National People's Congress. ]]> http://en.xfafinance.com/html/Policy/2022/850476.shtml Xinhua Finance Agency Policy Mon, 17 Oct 2022 01:28:19 +0800 http://en.xfafinance.com/html/Policy/2022/850476.shtml
BEIJING, Oct. 16 (Xinhua) -- The 20th National Congress of the Communist Party of China (CPC) opened on Sunday.

The central committees of the Workers' Party of Korea (WPK) of the Democratic People's Republic of Korea (DPRK), the Communist Party of Vietnam (CPV), the Lao People's Revolutionary Party (LPRP) and the Communist Party of Cuba (PCC) have respectively sent their congratulations to the CPC Central Committee on the successful convening of the meeting.

Calling the week-long congress a landmark event, the four parties spoke highly of China's achievements over the past decade under the leadership of the CPC, and expressed willingness to strengthen cooperation with the CPC in the future.



LANDMARK EVENT

The WPK Central Committee extended warm congratulations to the 20th CPC National Congress.

The 20th CPC National Congress is a political event of milestone significance in a new 100-year journey of the Chinese people, the WPK Central Committee said, adding that it firmly believes that this congress will be historic.

The CPV Central Committee also hailed the 20th CPC National Congress as an important event of historic and milestone significance for the party and in the political life of the Chinese people.

It expressed the firm belief that the congress will set the course for China to basically realize socialist modernization by 2035 and build it into a great modern socialist country that is prosperous, strong, democratic, culturally advanced, harmonious, and beautiful in the middle of this century.



HISTORIC ACHIEVEMENTS

The WPK Central Committee said that the CPC has united and led the Chinese people in striving for building a modern socialist country, and has achieved remarkable results.

Over the past decade, the CPC has comprehensively strengthened party building and led the Chinese people in their vigorous struggle for sustainable development and prosperity of the country and for safeguarding national sovereignty and territorial integrity, the WPK Central Committee said, noting that China's comprehensive national strength and international status have been improved unprecedentedly.

The CPV Central Committee said it is glad to see that since the 18th CPC National Congress, under the leadership of the CPC Central Committee with Comrade Xi Jinping at its core and the guidance of Xi Jinping Thought on Socialism with Chinese Characteristics for a New Era, the CPC has led the Chinese people in making great achievements in various fields, completing on schedule the building of a moderately prosperous society in all respects, and advancing socialism with Chinese characteristics into a new era.

Under the strong leadership of the CPC, the brotherly Chinese people have made remarkable achievements in building socialism with Chinese characteristics, said the LPRP Central Committee.

In particular, since the 18th CPC National Congress, the CPC Central Committee with Comrade Xi Jinping at its core has united and led the Chinese people in making new leapfrog development, successfully achieving the first centenary goal of building a moderately prosperous society in all respects, and historically resolving the problem of absolute poverty, it said, adding that China's international status has been on the rise.

These historic achievements have provided valuable experience and set a successful example for other developing countries, including Laos, and have also made major contributions to the cause of global development, it said.

The PCC Central Committee said that the CPC has led the Chinese people in defending national sovereignty, independence and unity, building socialism, developing the country's economy and consolidating China's role in ensuring global stability and balance.

Since the 18th CPC National Congress, the CPC, under the leadership of General Secretary Xi Jinping, has turned China into a global leader of innovation, it said, noting that China has pursued an active foreign policy and put forward the Belt and Road Initiative, the Global Development Initiative and the Global Security Initiative, which are widely commended.



CLOSER BONDS

The WPK Central Committee said the party stands ready to work with the CPC to further consolidate their bonds, and make sure that the vitality of their bonds is given more powerful demonstration in all spheres of bilateral relations.

Vietnam and China are two friendly neighbours, the CPV Central Committee said.

The CPV has always attached importance to its ties with China and is ready to work with the CPC, state and people of China to continuously consolidate and promote the Vietnam-China good-neighborly friendship and comprehensive strategic cooperative partnership to a new stage of development, it added.

The LPRP, the Lao government and the Lao people of all ethnic groups cherish the traditional friendship between Laos and China, and are willing to work with the CPC, the Chinese government and people to continuously consolidate and develop the Laos-China comprehensive strategic cooperative partnership, and continuously deepen and solidify the building of the Laos-China community with a shared future, so as to better benefit the two countries and their people, and to make greater contributions to regional and global peace, cooperation and development, the LPRP Central Committee said.

The PCC reiterated its firm position of upholding the one-China principle and said that it firmly opposes any attempt to interfere in China's internal affairs. ]]> http://en.xfafinance.com/html/Policy/2022/846798.shtml Xinhua Finance Agency Policy Wed, 28 Sep 2022 10:03:38 +0800 http://en.xfafinance.com/html/Policy/2022/846798.shtml
BEIJING, Sept. 28 (Xinhua) -- China will offer tax concessions for private pension schemes that enjoy policy support and are run commercially to meet people's diverse needs, according to the decision made at the State Council's Executive Meeting chaired by Premier Li Keqiang on Monday.

The meeting noted that the development of policy-supported and commercially-operated private pension is a useful complement to the basic old-age insurance scheme, and can better meet people's diverse needs and enhance social security safeguards.

The meeting decided that personal income tax concessions will be made available for those participating in policy-supported and commercially-operated private pension schemes: participants will be entitled to a contribution deduction of up to 12,000 yuan (about 1,687.6 U.S. dollars) each year from their annual taxable income.

No tax will be levied on investment yields for the time being. The actual tax burden for receiving pension benefits will be lowered from the previous 7.5 percent to 3 percent. This policy will be applied retroactively to January 1 this year.

"The policy support we introduced this time will deliver sizable benefits. In the process of implementation, we need to gradually fine-tune the policies and sum up experience before applying such policies more broadly," Li said.

The meeting also decided to temporarily defer payments of certain government-levied charges and deposits to further ease the burden on market entities and help them overcome difficulties.

"Market entities, especially micro, small and medium-sized enterprises, self-employed households and manufacturing firms now face considerable difficulties. Postponing the collection of government-levied charges and deposits is an important step to support market players. All policies must be delivered on the ground without delay," Li said.

The meeting rolled out an additional set of fee deferral policies for the fourth quarter. Payments of 14 government-levied charges, including farmland reclamation fee and sewage and household waste disposal fee, amounting to over 53 billion yuan, will be deferred without overdue fines.

Localities will be encouraged to postpone the collection of sub-national government-levied charges on enterprises, and arbitrary charges will be strictly prohibited.

Payments of project quality deposits of various kinds, amounting to about 63 billion yuan, will be deferred. Due responsibilities must be fulfilled, and promises delivered with concrete actions to ensure that market entities truly benefit from the policies.

"Relevant institutions and mechanisms of charge levying should be refined to foster a world-class and market-oriented business environment governed by a sound legal framework," Li said.

The meeting also decided on measures to make more government services inter-provincially accessible to further unlock market vitality and bring greater convenience to the people.

On top of the 187 government services already inter-provincially accessible, additional 22 high-demand items that affect a wide range of sectors will be added to the list to address the pressing concerns of households and businesses.

Inter-agency information sharing will be enhanced and operational standards aligned to make more inter-provincial services available online and processed on a one-stop basis. The needs of senior citizens for in-person services will also be well met. Personal privacy and trade secrets will be protected pursuant to law. ]]> http://en.xfafinance.com/html/Policy/2022/841359.shtml Xinhua Finance Agency Policy Fri, 02 Sep 2022 15:35:13 +0800 http://en.xfafinance.com/html/Policy/2022/841359.shtml
BEIJING, Sept. 2 (Xinhua) -- Chinese lawmakers on Friday voted to adopt a revised Law on Quality and Safety of Agricultural Products at the 36th session of the Standing Committee of the 13th National People's Congress (NPC), China's top legislature.

The revisions were done to enhance the law connection with the Food Safety Law, so that all the links related to food safety, including production, processing and consumption, could be effectively supervised and regulated in accordance with the law.

The revised law includes stipulations ensuring that the country's quality and safety standards for agricultural products are fully implemented. New quality and safety requirements regarding the transportation and storing of agricultural products were also added.

Governmental departments in charge of rural and agricultural affairs ought to enhance coordination with market supervision authorities to better ensure the quality and safety of agricultural products, according to the revised law. ]]> http://en.xfafinance.com/html/Policy/2022/840469.shtml Xinhua Finance Agency Policy Tue, 30 Aug 2022 10:20:50 +0800 http://en.xfafinance.com/html/Policy/2022/840469.shtml
BEIJING, Aug. 30 (Xinhua) -- China on Monday unveiled an action plan to expedite the green and low-carbon development of electrical equipment amid the country's efforts to meet its carbon peak and carbon neutrality goals.

Within five to eight years, a marked improvement will be made in the demand and supply structure of China's electrical equipment, and the efficiency of its power grid will be significantly enhanced, according to the plan released by the Ministry of Industry and Information Technology and four other government bodies.

The installed capacity of renewable energy will continue to improve, according to the plan, which also specifies that the wind and solar power equipment will meet the installed demand of over 1.2 billion kilowatts, and nuclear power equipment will reach the installed demand of 70 million kilowatts.

Efforts will be made to boost the green transition of power generation equipment, promote breakthroughs in core technologies and accelerate the smart transition of electrical equipment by deepening integration with new information technologies, according to the plan. ]]> http://en.xfafinance.com/html/Policy/2022/839630.shtml Xinhua Finance Agency Policy Fri, 26 Aug 2022 10:52:57 +0800 http://en.xfafinance.com/html/Policy/2022/839630.shtml
BEIJING, Aug. 26 (Xinhua) -- Chinese authorities released an action plan on Thursday to facilitate the construction of charging infrastructure along highways in a bid to bolster the development of new-energy vehicles.

The plan was jointly issued by the Ministry of Transport, the National Energy Administration, the State Grid Corporation of China and the China Southern Power Grid.

By the end of 2022, basic charging services for new-energy vehicles will be provided at expressway service areas nationwide, except in the alpine and high-altitude areas, the plan said.

By 2023, basic charging services will be provided in the service areas of state and provincial trunk highways with mature conditions, it added.

Efforts will be made to accelerate the construction and renovation of the charging infrastructure on the existing land and parking spaces in the service areas of the expressways and state and provincial trunk highways, it said.

The government will extend financial support to the construction of the charging infrastructure, and power grid enterprises will step up investment to ensure charging capacity, it said. ]]> http://en.xfafinance.com/html/Policy/2022/838615.shtml Xinhua Finance Agency Policy Mon, 22 Aug 2022 11:38:17 +0800 http://en.xfafinance.com/html/Policy/2022/838615.shtml
BEIJING, Aug. 22 (Xinhua) -- China on Monday cut the market-based benchmark lending rate in a bid to shore up growth.

The one-year loan prime rate (LPR) came in at 3.65 percent Monday, down from 3.7 percent, according to the National Interbank Funding Center.

The over-five-year LPR, on which many lenders base their mortgage rates, was lowered by 15 basis points to 4.3 percent.

The reduction followed the cut in the over-five-year rates in May.

The monthly-released data is a pricing reference rate for banks and is based on rates of the central bank's open market operations, especially the medium-term lending facility rate (MLF).

China's central bank cut the interest rates of its MLF loans by 10 basis points last week, the second such move this year.

The central bank pledged to intensify the implementation of prudent monetary policy and give full play to the functions of monetary policy tools. ]]> http://en.xfafinance.com/html/Policy/2022/837779.shtml Xinhua Finance Agency Policy Thu, 18 Aug 2022 02:32:42 +0800 http://en.xfafinance.com/html/Policy/2022/837779.shtml
SHENZHEN, Aug. 17 (Xinhua) -- Chinese Premier Li Keqiang has urged efforts to advance explorations in reform and opening-up to seek new impetus for stabilizing the economy and promoting development.

Li, also a member of the Standing Committee of the Political Bureau of the Communist Party of China Central Committee, made the remarks during an inspection tour in Shenzhen in south China's Guangdong Province from Tuesday to Wednesday.

Li stressed fully implementing the new development philosophy and coordinating epidemic prevention and control with economic and social development in a highly efficient way.

The country will further consolidate the foundation for economic recovery, give priority to stabilizing growth, ensure stable employment and safeguard people's livelihoods, he said, stressing seeking new impetus through further reform and opening-up.

Li heard a report on mass entrepreneurship and innovation by the municipal government of Shenzhen and visited an innovation park, where he said venture capital fund should be promoted to help start-ups at their critical stage of development.

When visiting Yantian Port, a major foreign-trade port in Shenzhen, Li stressed ensuring the smooth and efficient running of the port to help keep the industrial and supply chains stable.

Opening-up is China's fundamental state policy, and no matter how the international landscape may evolve, China remains committed to expanding opening-up, Li said.

During the visit, Li heard reports on local authorities' efforts to stabilize employment.

At BYD, a leading electric vehicle manufacturer in China, the premier was told that the company now has 500,000 employees, and created an average of over 20,000 new jobs monthly this year.

Li said the government not only helps micro, small, and medium-sized enterprises and self-employed individuals to resolve their difficulties, but also supports big private enterprises in growing stronger and better.

Stressing that the country will unswervingly consolidate and develop the public sector and encourage, support, and guide the development of the non-public sector, the premier said all companies, state-owned or private, Chinese or foreign, are treated as equals in enjoying policy support.

As China's largest economic province, Guangdong must continue exerting its role in pioneering reform and opening-up and underpinning the economy, so as to make greater contributions to the country's development, Li said.

The premier said more financial support will be tilted toward the province's mature projects, which are expected to benefit the long-term development of the region, said the premier.

While no extra burden of social insurance premium will be placed on Guangdong this year, the province, a major creator of jobs, should ensure steady operation of market entities and steady employment of key groups including migrant workers, Li said.

Li has also presented a flower basket to the statue of Comrade Deng Xiaoping at Lianhuashan Park in Shenzhen.


  ]]> http://en.xfafinance.com/html/Policy/2022/837564.shtml Xinhua Finance Agency Policy Wed, 17 Aug 2022 10:20:52 +0800 http://en.xfafinance.com/html/Policy/2022/837564.shtml
BEIJING, Aug. 17 (Xinhua) -- China has unveiled its cultural development plan for the 14th Five-Year Plan period (2021-2025) to promote socialist culture and build China into a country with a strong grounding in this regard.

Calling culture the soul of a country and nation, as well as the soul of national governance, the plan noted that without the prosperity and development of socialist culture, there would be no socialist modernization.

China aims to see enhanced social etiquette and civility, a more prosperous cultural cause and industry, a further increase in the appeal of Chinese culture, and further improvement in its cultural system, according to the goals and tasks set out in the plan.

Jointly released by the general offices of the Communist Party of China Central Committee and the State Council, the plan was drawn up in accordance with the country's Outline of the 14th Five-Year Plan (2021-2025) for National Economic and Social Development and the Long-Range Objectives Through the Year 2035. ]]> http://en.xfafinance.com/html/Policy/2022/837182.shtml Xinhua Finance Agency Policy Tue, 16 Aug 2022 01:26:27 +0800 http://en.xfafinance.com/html/Policy/2022/837182.shtml
BEIJING, Aug. 15 (Xinhua) -- Chinese authorities on Monday released an action plan to stimulate the technology-innovation capacity of enterprises.

Jointly issued by the Ministry of Science and Technology and the Ministry of Finance, the 2022-2023 action plan specifies supportive measures in 10 areas, including establishing a mechanism for enterprises to participate in the country's sci-tech innovation decision-making on a regular basis.

The document pledges to implement tax incentives to support enterprises in frontier basic research.

It also calls for financial support, such as venture capital, for enterprise innovation and greater enterprise access to sci-tech resources and application scenarios.

To facilitate international cooperation, the document highlights the support to enterprises in building overseas sci-tech innovation centers, and offshore innovation and entrepreneurship centers.

Foreign-funded R&D institutions are encouraged to participate in government sci-tech projects, according to the action plan. ]]> http://en.xfafinance.com/html/Policy/2022/834892.shtml Xinhua Finance Agency Policy Fri, 05 Aug 2022 05:14:01 +0800 http://en.xfafinance.com/html/Policy/2022/834892.shtml
PHNOM PENH, Aug. 4 (Xinhua) -- Chinese State Councilor and Foreign Minister Wang Yi said here Thursday that China is ready to work with New Zealand to push forward their comprehensive strategic partnership to yield more fruits.

During a meeting with New Zealand Foreign Minister Nanaia Mahuta on the sidelines of meetings of foreign ministers on East Asia cooperation, Wang said that since the establishment of diplomatic relations between the two countries 50 years ago, bilateral relations have progressed in a sound and stable manner and great achievements have been scored, bringing tangible benefits to the people of both countries.

Under the strategic guidance of the leaders of the two countries, both sides have adhered to a long-term and strategic perspective to promote China-New Zealand relations at the forefront of China's relations with developed countries, Wang said.

He noted that China appreciates New Zealand for pursuing a pragmatic policy toward China, and regards it a partner for common development and prosperity.

China is willing to work with New Zealand to respect each other's national sovereignty and territorial integrity, as well as each other's core interests and major concerns, so as to advance China-New Zealand comprehensive strategic partnership to achieve more results, Wang said.

Wang elaborated on China's solemn position on the Taiwan question, stressing it is the U.S. side that stoked provocation, undermined peace and created crises in the first place. China's response is reasonable and legitimate, and China will firmly safeguard its sovereignty and territorial integrity, uphold international law, and maintain regional peace and stability.

For her part, Mahuta said New Zealand and China are comprehensive strategic partners, with mature bilateral relations as well as strong economic and people-to-people ties.

New Zealand is willing to continue strengthening effective cooperation with China in such various fields as economy and trade, agriculture, education, science and technology, climate change and environmental protection, Mahuta said, welcoming both sides to increase the frequency of direct flights and facilitate people-to-people exchanges.

New Zealand continues to adhere to the one-China policy, respects China's sovereignty and territorial integrity, and advocates upholding the basic norms of international relations, jointly addressing global challenges, and working together to maintain regional peace and stability, Mahuta said.

She said New Zealand has noticed that China's exchanges with South Pacific Island countries are nothing new, hoping that China will continue strengthening cooperation with the island countries through the Pacific Islands Forum.

New Zealand and China have different views on some issues, but both sides can maintain candid communication, Mahuta added.

Noting that China has always held friendly dialogue and communication with other countries on the basis of sovereign equality and mutual respect, Wang said China is willing to enhance mutual trust with New Zealand, and hopes and believes New Zealand can well handle bilateral relations in a rational and wise manner.

Wang said the exchanges between China and South Pacific Island countries have lasted for half a century, with bilateral cooperation covering a wide range of fields. He added that China always respects the sovereignty and needs of the island countries, and adheres to the principle of "island countries-led and island countries-owned."

China advocates open regionalism, objects zero-sum games, and proposes win-win cooperation, he said, adding that China stands ready to work with New Zealand and other countries to carry out tripartite or multilateral cooperation in the region, so as to achieve complementary advantages and create synergies. ]]> http://en.xfafinance.com/html/Policy/2022/834201.shtml Xinhua Finance Agency Policy Tue, 02 Aug 2022 14:54:58 +0800 http://en.xfafinance.com/html/Policy/2022/834201.shtml
BEIJING, Aug. 2 (Xinhua) -- China vowed to maintain sufficient liquidity and step up credit support to enterprises in the second half of the year, as part of efforts to consolidate the growth momentum of its economy, the country's central bank said.

China will guide financial institutions to issue more loans to the real economy, steadily lower real interest rates and leverage financial tools to support infrastructure building, the People's Bank of China said in a statement released Monday, after a work meeting for the second half of the year.

Overseas entities will be given support to issue panda bonds, and the pilot of the digital yuan will be expanded in an orderly manner, according to the meeting.

The central bank also stressed the importance of prudently defusing financial risks in key areas, calling for efforts to prevent and resolve risks of small and medium-sized banks.

China will work to ensure steady financing channels for the real estate sector and accelerate the exploration of new development models of the sector, the central bank said.

It also urged platform enterprises to address any problems they have, and fully leverage their role in creating jobs and promoting consumption. . ]]> http://en.xfafinance.com/html/Policy/2022/833969.shtml Xinhua Finance Agency Policy Mon, 01 Aug 2022 17:23:34 +0800 http://en.xfafinance.com/html/Policy/2022/833969.shtml
BEIJING, Aug. 1 (Xinhua) -- China on Monday unveiled a plan to promote green growth in the industrial sector in a bid to help the country meet its carbon peak goal.

By 2025, the energy consumption per unit added value of industrial enterprises with an annual business turnover of at least 20 million yuan (about 2.96 million U.S. dollars) will decrease by 13.5 percent compared with 2020, according to a plan released by the country's Ministry of Industry and Information Technology, National Development and Reform Commission and Ministry of Ecology and Environment.

Efforts will be made to promote the optimization and upgrading of industrial structures, curb the blind development of low-level projects with high energy consumption and high emissions, and develop green and low-carbon industries, the plan noted.

By 2030, the proportion of vehicles powered by new energy and clean energy will reach about 40 percent of total new vehicles, and the carbon dioxide emission intensity of passenger cars and commercial vehicles will decrease by 25 percent and 20 percent respectively compared with 2020, according to the plan.

The plan said digital technologies will be further leveraged to empower the green and low-carbon transformation of the industrial sector, with a faster pace in the application and promotion of digital low-carbon solutions. ]]> http://en.xfafinance.com/html/Policy/2022/833398.shtml Xinhua Finance Agency Policy Fri, 29 Jul 2022 14:11:40 +0800 http://en.xfafinance.com/html/Policy/2022/833398.shtml
BEIJING, July 28 (Xinhua) -- China has allowed 23,000 enterprises to defer a total of 7.11 billion yuan (about 1.05 billion U.S. dollars) of housing provident fund contributions as of July 20, an official said on Thursday.

A supportive policy allowing the deferral of housing provident fund payments was rolled out in May and has helped enterprises and individuals tide over difficulties amid the COVID-19 pandemic, said Wang Shengjun, a spokesperson for the Ministry of Housing and Urban-Rural Development.

Enterprises affected by the pandemic can apply to postpone payments of housing provident fund contributions under the new rules and make deferred payments at a later date, according to a circular released on May 24 by the Ministry of Housing and Urban-Rural Development, the Ministry of Finance and the People's Bank of China.

It also noted that for depositors who fail to pay contributions within the stipulated time due to the impact of COVID-19, their deferrals will not be reported to the credit administration as instances of loan delinquency. ]]> http://en.xfafinance.com/html/Policy/2022/832511.shtml Xinhua Finance Agency Policy Tue, 26 Jul 2022 09:32:35 +0800 http://en.xfafinance.com/html/Policy/2022/832511.shtml
BEIJING, July 26 (Xinhua) -- China will roll out more financial support to help COVID-19-hit cultural and tourism firms, authorities announced Monday.

Credit services to culture and tourism market players will be boosted by monetary policy tools like relending and rediscount, according to a guideline released by the People's Bank of China and the Ministry of Culture and Tourism.

Local authorities and banking institutions are urged to offer targeted financing services to firms that are identified as having difficulty in normal operation.

The guideline is the Chinese government's latest move to keep the economy running within a reasonable range as the culture and tourism sector plays an important role in domestic consumption growth.

China saw more than 1.455 billion domestic tourist trips in the first half of 2022 and total domestic tourism revenue reached 1.17 trillion yuan (about 173.3 billion U.S. dollars) during the period. ]]> http://en.xfafinance.com/html/Policy/2022/829389.shtml Xinhua Finance Agency Policy Tue, 12 Jul 2022 11:22:46 +0800 http://en.xfafinance.com/html/Policy/2022/829389.shtml
JAKARTA, July 12 (Xinhua) -- Chinese State Councilor and Foreign Minister Wang Yi met here on Monday with ASEAN Secretary-General Lim Jock Hoi, with both sides promising to strengthen ties.

Wang said at the meeting that China and ASEAN (the Association of Southeast Asian Nations) are each other's largest trading partner and China has always made ASEAN a foreign policy priority, supported the development and growth of ASEAN, and the ASEAN Community building.

China was the first to forge a strategic partnership with ASEAN and upgraded it to a comprehensive strategic partnership, said the Chinese state councilor.

China was also the first to join the Treaty of Amity and Cooperation in Southeast Asia, the first to start free trade area (FTA) negotiations with ASEAN and the first to give unequivocal support for ASEAN's centrality in regional cooperation, he said.

Wang said China firmly supports the current effective ASEAN-led regional architecture, adding that with concerted efforts, China-ASEAN cooperation has shown vitality, making the region the safest and most promising for development.

He said China is willing to work with ASEAN to build a peaceful, safe and secure, prosperous, beautiful and amicable home, benefiting both Chinese and ASEAN people.

Wang said China and ASEAN staunchly support sovereign equality and greater democracy in international relations, taking the lead in the process of multipolarization.

Facing the rapidly changing international landscape and new challenges, China and ASEAN should be on high alert against any action that harms the ASEAN centrality in the regional architecture, and oppose any attempt that introduces geopolitical contest and bloc confrontation, Wang said.

China and ASEAN should jointly propose open regionalism and safeguard hard-won regional peace and stability to build bright prospects that feature solidarity and prosperity, Wang said.

For his part, Lim thanked China's timely assistance in providing ASEAN countries with vaccines and anti-pandemic supplies, and appreciated China's firm support for the ASEAN centrality and ASEAN Community building.

Lim also expressed appreciation for China's important contributions to accelerating regional economic recovery, achieving sustainable and inclusive growth and promoting development and prosperity in the Asia-Pacific.

He said ASEAN looks forward to strengthening the China-ASEAN comprehensive strategic partnership and jointly upholding open regionalism.

ASEAN stands ready to take the opportunity of the China-ASEAN Year of Sustainable Development Cooperation to deepen cooperation in various fields including connectivity, supply chain stability, digital economy, climate change, ecological protection, disaster prevention and mitigation and people-to-people exchanges. ]]> http://en.xfafinance.com/html/Policy/2022/827317.shtml Xinhua Finance Agency Policy Tue, 05 Jul 2022 09:57:29 +0800 http://en.xfafinance.com/html/Policy/2022/827317.shtml
BAGAN, Myanmar, July 5 (Xinhua) -- Chinese State Councilor and Foreign Minister Wang Yi on Monday elaborated on six key future directions of the Lancang-Mekong Cooperation (LMC).

Wang said during the seventh Lancang-Mekong Cooperation Foreign Ministers' Meeting that China's economy has continued to improve in the long term and is accelerating the construction of a development pattern to promote high-quality development, which will provide greater markets and opportunities for Mekong countries.

He said the current good opportunity of booming regional cooperation should be seized to push the LMC to a new level.

China proposes to focus on promoting cooperation in six areas in the future.

First, strengthen strategic guidance. This includes dovetailing with the development plans of each country to create a demonstration zone for high-quality Belt and Road cooperation, a pioneer zone for the Global Development Initiative and a pilot zone for the Global Security Initiatives.

Second, deepen economic integration. This includes releasing the beneficial effect of the opening of the China-Laos Railway, promoting the construction of the China-Laos-Thailand Railway, deepening cooperation on the New International Land-Sea Trade Corridor and building a new model of cooperation on intelligent customs.

The third is to expand agricultural cooperation. This includes building quality and safety demonstration bases of agricultural products, carrying out green ecological grain storage cooperation, ensuring the supply of fertilizers and other agricultural materials, and creating a value chain of special and quality agricultural products.

Fourth, adhere to green development. This includes strengthening cooperation in water resources, environment, meteorology and other fields, exploring the establishment of the Lancang-Mekong disaster management cooperation mechanism, and medium- and long-term forestry cooperation mechanism.

Fifth, promote digital cooperation. This includes strengthening the construction of digital infrastructure and carrying out cooperation in the fields of smart manufacturing, 5G, smart cities, raw material and automobile.

Sixth, closer cultural and people-to-people exchanges. They include organizing a series of events such as video dialogue sessions for leaders of women's organizations in the LMC countries, local government cooperation forums, and world cultural heritage forums. ]]> http://en.xfafinance.com/html/Policy/2022/826690.shtml Xinhua Finance Agency Policy Fri, 01 Jul 2022 12:02:52 +0800 http://en.xfafinance.com/html/Policy/2022/826690.shtml
HONG KONG, July 1 (Xinhua) -- President Xi Jinping Friday said he expects the sixth-term government of the Hong Kong Special Administrative Region (HKSAR) to take more effective steps to address difficulties in people's lives.

The government should live up to people's expectations and give top priority to meeting the aspirations of the whole community, especially ordinary people, Xi said at the meeting celebrating the 25th anniversary of Hong Kong's return to the motherland and the inaugural ceremony of the sixth-term government of the HKSAR.

Xi called for greater resolve and more effective steps to address existing problems so that more fruits of development will reach all people in Hong Kong in a more equitable way. ]]> http://en.xfafinance.com/html/Policy/2022/826632.shtml Xinhua Finance Agency Policy Fri, 01 Jul 2022 09:52:27 +0800 http://en.xfafinance.com/html/Policy/2022/826632.shtml
BEIJING, July 1 (Xinhua) -- China's tax refunds, as well as tax and fee cuts and deferrals reached 2.58 trillion yuan (about 384 billion U.S. dollars) from the beginning of this year to June 25, as the country unveiled a slew of supportive policies to ease enterprises' burden, official data showed Thursday.

Among the total, value-added tax credit refunds hit 1.83 trillion yuan, 2.8 times the annual amount of last year, while preferential tax and fee reduction policies helped companies save 285.9 billion yuan, Cai Zili, an official with the State Taxation Administration told a press conference.

The deferred payment of tax and fees during the period came in at 463.2 billion yuan, effectively helping enterprises increase their cash flows, Cai said.

Priorities have been given to small businesses as nearly 70 percent of the tax and fee support went to micro, small and medium-sized enterprises.

Last year, China's tax and fee reductions totaled more than 1 trillion yuan, according to this year's government work report.

Data from the administration also showed that China's economic recovery accelerated with the implementation of a package of pro-growth measures.

In May, sales revenue of Chinese enterprises logged a year-on-year increase of 1.9 percent. From June 1 to 25, the growth of enterprises' sales revenue was 6.8 percent, Cai said. ]]>