The 6-6.5 percent GDP growth target for 2019 is compatible with the GDP expansion of 6.6 percent achieved last year, Li told a press conference after the closing of the annual legislative session, adding that the new target has sent a message of stability to the market.[more]
Chinese lawmakers have finished their first reading of a draft law on vaccine management, and solicited public opinions.
2019-03-11 13:18
China will continue to adopt a prudent monetary policy that will be eased or tightened to the right degree, the country's central bank governor said Sunday.
2019-03-10 13:15
Legislators are busy drafting the Yangtze River protection law to promote the green development of the longest river in Asia, a senior legislator said.
2019-03-10 11:25
China's ongoing annual Two Sessions are enriching the global debate on how to accelerate green, sustainable and inclusive growth, said a senior UN official.
Events that hold the center of global attention and set the course of changes taking place on a global scale are few in number, and the international community follows their proceedings and conclusions with full attention. Among them, China’s Two Sessions, the NPC and CPPCC annual sessions have qualified for the status of global attention in true letter and spirit.
Major socio-economic policies set out during China's ongoing Two Sessions are "very timely and highly welcome" as the world economy "once again enters a period of uncertainty," a U.S. expert on China said.
The Chinese market is the largest auto market in the world, and the country's new foreign investment law will further open up the auto sector to encourage more brands to enter the market.
The decisions taken during the Two Sessions in Beijing will have an impact not only domestically but also at an international level.
On March 15, the Second Session of the 13th National People's Congress (NPC) reviewed and approved the high-profile Foreign Investment Law. Leading up to the approval, Wang Chen, vice chairman of the NPC Standing Committee, pointed out in his explanation of the Foreign Investment Law (draft) that foreign investment legislation follows and reflects four important principles: highlighting the main theme of actively expanding opening-up and promoting foreign investment, adhering to the positioning of the foreign investment law as a fundamental law, adhering to the integration of Chinese characteristics and international regulations, and adhering to the accordance of domestic and foreign investment.
On the eve of the two sessions, the International Department of the Communist Party of China (CPC) Central Committee and the Renmin University of China jointly hosted the 27th Wangshou Forum in Beijing on February 28, with the theme of "The Building of a Community of Shared Future for Mankind and the Development of World Socialism.” Leaders and representatives of 13 communist parties from 11 countries of Europe and America as well as Chinese experts attended the forum.
The draft Foreign Investment Law, being reviewed by the National People's Congress (NPC), China's national legislature, is a fundamental law for China's foreign investment and innovative improvement of its foreign investment legal system.
Optimism over the economy is high at China's ongoing annual legislative and political advisory sessions despite challenges ahead.
Events that hold the center of global attention and set the course of changes taking place on a global scale are few in number, and the international community follows their proceedings and conclusions with full attention. Among them, China’s Two Sessions, the NPC and CPPCC annual sessions have qualified for the status of global attention in true letter and spirit.
