China's top legislature ends annual session on a high note

Md Enamul Hassan from Beijing

16th March, 2019 01:16:29 printer

China's top legislature ends annual session on a high note

The second session of the 13th National People's Congress (NPC), the supreme legislature of China, came to an end on Friday morning.

 

President of the People's Republic of China Xi Jinping and other Chinese leaders including Premier Li Keqiang attended the closing meeting at the Great Hall of the People in Beijing.

 

Chinese Premier Li Keqiang met reporters from home and abroad at a news conference at the end of the annual meeting of the NPC.

 

Speaking at the conference, the premier said China will not use large-scale quantitative easing to bolster the economy and instead will boost market vitality through measures such as tax and fee cuts to stabilise economic growth and seek high-quality development.

 

He said China is committed to a denuclearised Korean Peninsula and hopes that peace and stability will be maintained.

 

Parties involved in the peninsula issue should be patient and see opportunities, especially positive factors to promote dialogue, he maintained.

 

The premiere said China hopes that the current trade talks with the United States will generate mutually-beneficial outcomes.

 

Such a result is also what the whole world would like to see, he continued.

 

The Chinese mainland will introduce more preferential policies toward Taiwan residents to ensure that they will enjoy the same treatment as mainland people when they study, work or start businesses on the mainland, he said.

 

Premiere Li said China and Russia need to make use of all possible means to keep the $100 billion two-way trade stable and work further to double it.

 

The two countries could expand cooperation in areas like trade in commodities, cross border e-commerce, aviation and aerospace and also enhance exchanges at the sub-national level and between their peoples, he said.

 

He also mentioned that China intends to pursue the path of reform and opening-up to a greater depth and width.

 

In carrying out reform, government must create an enabling market, and let market perform its decisive role in allocating resources, he maintained.

 

The government's job is not to direct what the market should or should not do, but to do its best to energise all market players, he said.

 

The premiere said China will introduce measures to help implement its high-profile Foreign Investment Law.

 

The Foreign Investment Law, adopted by the second session of the 13th National People's Congress, the country's top legislature, is designed to protect the rights and interest of foreign investors and to attract further foreign investment into China, he noted.

 

With the participation of a total of 2956 deputies of the NPC, supreme state legislature of China, its second session began in the Great Hall on March 5.

 

Legislators adopted China's first unified foreign investment law, which is to take effect on January 1, 2020.

 

Legislators also approved resolutions on the government work report, and the work reports of the NPC Standing Committee, the Supreme People's Court and the Supreme People's Procuratorate.

 

Besides, the legislators passed resolutions on the reports of the national economic and social development plans as well as the central and local budgets, and approved the resignation of NPC Standing Committee member Zhang Rongshun.

 

The NPC is mainly tasked with amending the Constitution and overseeing its enforcement, enacting and amending basic laws governing criminal offences, civil affairs, state organs and other matters, electing and appointing members to central state organs, and determining major state issues.


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