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Premier Li Keqiang answers questions of reporters at a news conference during the annual two sessions in Beijing on March 15, 2017. [Photo by Kuang Linhua/chinadaily.com.cn] |
Premier Li Keqiang met reporters from home and abroad at a news conference on Wednesday at the end of the annual meeting of the National People's Congress. Premier Li answered questions on various topics such as the economy, financial reforms and diplomacy. Here are highlights of the event.
China-US relations
The One-China policy constitutes the political foundation of China-US relations which has remained unshaken despite the changing circumstances, nor can this relationship be undermined. "With that foundation in place, we believe that there are broad prospects for China-US cooperation."
Diplomats from the two countries are already engaged in discussing a face-to-face meeting between the Chinese and US presidents. "I believe it is important for both countries to uphold strategic interests, sit down to talk to each other so as to enhance mutual understanding and trust."
US companies will be the first to suffer if the US and China have a trade war. Bilateral investment and trade had created nearly one million jobs for the US, and that the two nations should look and move forward despite challenges in the ties. More
Financial risks
There will not be eruption of systematic financial crisis in China and it has many policy tools available to resolve financial risks. "Once we find financial risks, we will tackle it promptly to prevent it from worsening."
China's GDP growth target for this year, which is "around 6.5 percent", is not low given China's already big economic scale and it would not be easy for China to achieve the target.
China contributed about 30 percent of global growth in 2016 and China will remain an important contributor of global economic growth this year. More
Economic growth
There is little risk of a hard landing for the Chinese economy, because the country's healthy economic transformation process relies mainly on industrial upgrades.
China has, for years, achieved medium to high growth, thanks to achievements made in consumption and industrial upgrades.
China will not adopt mass stimulus measures but will continue to fuel growth momentum through deepening reform. More
