Premier Li Keqiang answers questions from Chinese and foreign journalists (full text of the transcript)

On the afternoon of May 28, 2020 (Thursday), after the conclusion of the Third Session of the 13th National People's Congress, Premier Li Keqiang attended a press conference in the Golden Hall on the third floor of the Great Hall of the People and answered questions from Chinese and foreign journalists. In order to effectively prevent and control the epidemic and jointly safeguard public health and health, the press conference was conducted in the form of online video.

The site record is as follows:

 

Premier Li Keqiang:

First of all, I would like to thank my friends in the media for reporting on China's two sessions during a special period and overcoming special difficulties. Because of the epidemic, we held a press conference in the form of a video link, and I don't think this distance will affect our communication. Time is limited, please ask questions.

REUTERS REPORTER:

The neo-coronary pneumonia epidemic has had a severe impact on economies around the world, and many governments have introduced trillions of dollars in fiscal and monetary measures to deal with the economic impact of the neo-coronary pneumonia epidemic. I have noticed that this year's GDP growth rate is not set in this year's Chinese government work report. According to the calculation of Reuters, the fiscal measures introduced in the government work report account for about 4% of China's GDP in 2019, which is lower than some economists expected. In the first quarter of this year, China's economy contracted for the first time in decades. Will China introduce larger-scale stimulus measures in the coming months? In the longer term, does China have sufficient policy tools to deal with the continued spread of the global epidemic and the growing tensions in U. S.-China relations?

Li Keqiang:

The new coronary pneumonia epidemic has had a severe impact on the world economy, which can be said to be rare in history. Recently, many major international organizations have predicted that the global economic growth this year will be minus 3% or more. China's economy is deeply integrated into the world economy and it is impossible to stay out of it. So this year we have not determined the quantitative indicators of GDP growth, which is also realistic. However, we have determined the objectives and tasks of "six guarantees", such as ensuring residents' employment, basic people's livelihood and market entities, which are directly related to GDP economic growth. Economic growth is not unimportant. In fact, what we do is to let the people have a more direct feeling of economic growth and make economic growth have a higher quality. Development is also the key and basis for solving all problems in China. If we calculate and realize the task of "six guarantees", especially the former "three guarantees", we will achieve positive economic growth in China this year, and we must strive to have a certain range to promote the stable progress of China's economy.

As you said just now, there are reports that the scale of our policies is lower than expected, but I have also heard many reflections that the scale of our policies is still strong. It should be said that to deal with this impact, we should not only grasp the strength, but also grasp the opportunity. When the new coronary pneumonia epidemic spread, we also introduced some policies, but at that time the resumption of work and production is still in progress, the resumption of business is still blocked, some policies can not be completely landed, many people are staying at home. However, in this process, we have also accumulated experience. It is precisely based on the previous experience and to judge the current situation. We have launched a large-scale policy measure in the government work report, which should be said to be strong.

In the past, we said that we would not engage in flooding, and this is still the case, but there must be special policies in special periods. We call it water and fish farming. Without enough water, the fish cannot live. But if it floods, a bubble will form, and some people will arbitrage from it, and the fish will not be raised, and some people will fish in troubled waters. Therefore, the measures we take should be targeted, that is to say, we should find the right medicine under the pulse. No matter where the money comes from or where it is used, it must take a new path.

The funds raised by this large-scale policy can be said to be divided into two major parts: one is the new deficit and the issuance of special national bonds to fight epidemics totaling 2 trillion yuan; There is another bigger piece, which is the reduction of social insurance premiums. Some countries call payroll tax, use unemployment insurance balances to promote state-owned commercial banks to make profits, and natural monopoly enterprises cut prices to reduce the operating costs of enterprises. This piece adds up to about twice as much as much as before. And we want to promote these funds to protect employment, people's livelihood and market players, and support the income of residents. This is more than double-digit compared to our current total plate of income more than 40 trillion for all residents.

More importantly, where is the money going? Our policy of scale, which can be called as enterprise bail-out and stimulate market vitality, is mainly to stabilize employment and protect people's livelihoods, so that residents have the spending power, which is conducive to promoting consumption and stimulating the market. This can be said to be a way of market-oriented reform.

Money can generate money, and money spent on the people can create new wealth, conserve tax sources and make finances sustainable. We must stabilize the current economy and move forward steadily, but we must also avoid lifting our feet and raising dust and confusing future generations. However, if there are major changes in the economy or other aspects, we still have policy space. Whether it is fiscal, financial, or social security, we have policy reserves. We can introduce new policies in a timely manner, and we will not hesitate to maintain the stable operation of the Chinese economy. Vital.

We firmly believe that under the strong leadership of the CPC Central Committee with Comrade Xi Jinping at the core and through the joint efforts of the people of the whole country, we will certainly overcome the current difficulties, achieve the goals and tasks for the whole year, and build a moderately prosperous society in an all-round way. Maintaining stability and stabilizing the basic market of China's economy is in itself a contribution to the world, and it will make positive contributions to the recovery and development of the world economy. Thank you.

Bloomberg Reporter:

The neo-coronary pneumonia epidemic remains an unsolved mystery, and scientists believe that finding the answer to this question will help prevent future pandemics. There have been calls for an international review of the source issue, and in fact the World Health Assembly held this month has agreed to investigate it. What is China's position on the investigation? What do you think should be achieved by such an investigation? What problems should be avoided?

Li Keqiang:

China and many countries have advocated tracing the origin of the virus. The WHO General Assembly held not long ago passed the relevant resolution, and China also participated. Because scientific traceability can better prevent and control the epidemic, but also for the life and health of people all over the world.

The sudden outbreak of this epidemic is a brand-new infectious disease for mankind. Up to now, it can be said that the unknown is greater than the known. The virus has no national boundaries. It is the enemy of the whole world and all mankind. All countries are carrying out prevention and control, and they are also advancing in exploration. At present, there is no complete experience. On the one hand, we must control the development of the epidemic and accelerate the development of vaccines, effective drugs, and testing reagents. This will be a powerful weapon for mankind to defeat this virus. China and many countries are investing, and we are willing to carry out international cooperation. These products are global public goods that we are willing to share so that humanity can finally defeat the enemy of the virus together.

After arduous efforts, the Chinese people have now effectively controlled the epidemic. At the same time, they have actively participated in international cooperation and released relevant information to the international community in an open, transparent, responsible and timely manner. But now the epidemic is still in the global epidemic, and it is not over in China. There are still sporadic cases. Many scientists have emphasized that we must remain vigilant to prevent a rebound. We will continue to adhere to the principles of seeking truth from facts, openness and transparency. Once an epidemic is discovered, we will resolutely control it, do not allow any concealment, and carry out scientific prevention and control.

Many people now say that the epidemic may not end in the short term and will continue for some time. As a matter of fact, the international community is already facing a double challenge. On the one hand, it is necessary to control the epidemic, and on the other hand, it is necessary to restore economic and social development and restore normal order. This is contradictory, if only do one aspect of things is different. We now need to balance contradictions and move forward in exploration, especially international cooperation. Whether it is fighting the epidemic or developing the economy, we need to work together to enable mankind to overcome the impact of this huge wave.

Central Radio and Television Station CCTV reporter:

hello, premier. In your government work report, you explained China's economic policy and the scale of assistance this year. Then I would like to ask what measures the government will take to ensure that these funds really benefit enterprises, avoid idling, and let us ordinary people feel it.

Li Keqiang:

This is an unprecedented impact. It is impossible for us to go on a familiar road with light cars. It can only be difficult for big cars. Therefore, we should pay attention to innovation in policy. As I said just now, the scale policy we have introduced is called bail-out and stimulate market vitality. It focuses on stabilizing employment and protecting people's livelihood, not relying mainly on infrastructure projects. Because great changes have taken place in China's economic structure, consumption plays a major role in economic growth, and small and medium-sized enterprises account for more than 90% of employment. The scale policy we have adopted this time uses about 70% of the funds to support residents' income more directly, because doing so can promote consumption and drive the market. And because of the epidemic, we face a big problem, which is that epidemic prevention and control measures will curb consumption. We promote the implementation of policies in this direction, which is also a market-oriented reform.

Secondly, we emphasize that policy funds should go directly to the local, to the grassroots, to the people's livelihood. The new deficit and anti-epidemic national debt funds are all transferred to the local, the province is also the "goddess of wealth", directly to the grass-roots level. Some people may ask, that the grassroots can make good use of this money? We now have to adopt a special transfer payment mechanism, all of this money to enterprises, especially small and medium-sized enterprises, to social security, minimum security, unemployment, pension and special hardship cases on the body, to establish a real-name system, these are all accounts to check, never allow false accounts, also never allow to steal beams to change pillars. We will stare big eyes to check, also welcome social supervision. The final effect of the measures we have taken should be recognized by market players and the people. This time, the central government is taking the lead in living a tight life. We have reduced the non-urgent and non-rigid expenditure of the central departments by more than half and transferred funds to grass-roots enterprises and people's livelihood. Governments at all levels must live a tight life and never allow formalism and lavish spending.

Just now I talked more about expanding consumption, but I am not saying that we should not invest. We should also expand effective investment. The new local government special bonds of 1600 billion yuan, plus some government bonds, have a scale of 2 trillion yuan, which accounts for 2% 30 of the scale policy. The focus of our investment is "two new and one heavy", that is, new infrastructure, new urbanization, and major projects related to the national economy and people's livelihood, and we must use reform methods to use these funds to leverage the investment of social funds. The project should be effective and rewarding, and should go through scientific demonstration, act according to the law, and leave no sequelae. Thank you.

taiwan china times reporter:

hello, premier. This year's two sessions due to the epidemic factors postponed to May, this time point is very close to the "5-20. After May 20, with the DPP remaining in power, what are the overall considerations for the mainland's future policy towards Taiwan? How will it continue to promote the development of cross-strait relations in the future?

Li Keqiang:

I have already said in the government work report that our major policies towards Taiwan are consistent and well known to the world. The one-China principle and the "92 Consensus" must be adhered to, and at the same time, "Taiwan independence" must be resolutely opposed ". On this political basis, we are willing to consult with all political parties, organizations and people in Taiwan on cross-strait relations and the future of the nation, so as to promote the peaceful development of the two sides of the strait and the peaceful reunification of the motherland. We are willing to do our utmost with sincerity and efforts. The Taiwan issue is China's internal affair, and we have always opposed foreign interference. The Chinese nation has the wisdom and ability to solve its own problems.

We regard Taiwan compatriots as brothers and feet, blood is thicker than water, and we have always attached great importance to the well-being of Taiwan compatriots. Just like after this epidemic, we worked together to make sure that no Taiwan compatriots lost their lives on the mainland due to new coronary pneumonia. We pray for the safety and health of our compatriots on both sides of the Taiwan Strait. Thank you.

China Daily reporter:

We have noticed that in your government work report this year, you lowered the target for new urban employment and raised the surveyed unemployment rate. In the face of the grim employment situation, I would like to ask the Premier, how will the government curb the tide of unemployment this year? How will it help college students and migrant workers find jobs?

Li Keqiang:

This year, we have determined that more than 9 million new jobs will be created in cities and towns, which is indeed lower than last year. To achieve this goal, we must have certain economic growth as support. We set the urban survey unemployment rate at about 6%. In April this year, the urban survey unemployment rate was already 6%, so we are also seeking truth from facts.

Employment is the greatest livelihood, which is a big thing for a family. These days I read the Chinese government online message, probably 1/3 are about employment. One of the migrant workers said that he was in his 50 s and had been working outside for more than 30 years, every year, but he had not found a job this year and his family was in trouble. There are also some individual businesses that have been out of business for several months. Some foreign trade enterprises do not have orders now, affecting the employment of employees. We must provide assistance to their difficulties, but fundamentally speaking, we must help them find jobs. China has a 0.9 billion labor force. If there is no employment, it is only 0.9 billion mouth to eat. If there is employment, it is 0.9 billion pair of hands that can create great wealth.

In order to stabilize the existing jobs, it can be said that the policy can be used up and the money invested is the most. Our large-scale policy funds allow the grassroots to reduce taxes and fees, and allow them to be used to reduce rents and interest for businesses. The measure taken is to stabilize the enterprise and keep the position, but it should be fair and reasonable. Moreover, we will also adopt the policy of subsidizing enterprises to train and stabilize their posts. This year and next, 35 million people will conduct on-the-job training through the unemployment insurance balance to give them a buffer. Even if they are unemployed, there will be opportunities for re-employment in a short period of time.

At the same time, more new jobs must be created. Now the new business is booming, about 0.1 billion people are employed, and 0.2 billion people are employed in our gig economy. We should not only adopt more supporting policies, but also take measures to break those unreasonable rules and regulations, so that more new jobs can grow. Last year, we added an average of more than 10000 enterprises a day, and this year we will also work in this direction.

There is infinite creativity among the people. Recall that at the beginning of the reform and opening up, a large number of educated youth returned to the city, and how many people's employment was solved by a "big bowl of tea. Two weeks ago, I saw a report that a city in the west of our country set up 36000 stalls for mobile vendors in accordance with local regulations. As a result, 100000 people were employed overnight. The Chinese people are hardworking, and the Chinese market is constantly expanding and upgrading. Of course, we have key policies to support the employment of key groups. For example, this year's college graduates have reached a new high of 8.74 million. If we want them to become kites, we will continue to provide employment services this year and next. For migrant workers, whether they are in their permanent residence or returning home, they must be given a service platform to create jobs. For ex-servicemen, the resettlement policy should be effectively implemented. Thank you.

Phoenix TV reporter:

hello, prime minister. We are concerned about the "National Security Law" related to Hong Kong. During this session of the National People's Congress, a decision was made on establishing and improving Hong Kong's legal system and enforcement mechanism for safeguarding national security. The Standing Committee of the National People's Congress will formulate special laws in this regard. We would like to ask whether this indicates that the central government has adjusted its policy towards Hong Kong, whether it has abandoned "one country, two systems", and what do you think of the current reactions of all parties? Thank you.

Li Keqiang:

"One country, two systems" is the basic national policy of the country. The central government has always emphasized the need to fully and accurately implement the principles of "one country, two systems", "Hong Kong people ruling Hong Kong", and a high degree of autonomy, strictly follow the Constitution and the Basic Law, and support the SAR government and the chief executive in governing in accordance with the law.. You mentioned that the decision on safeguarding national security just adopted by the National People's Congress is also to ensure the stability and long-term development of "one country, two systems" and maintain Hong Kong's long-term prosperity and stability. Thank you.

NBC reporter:

The United States continues to blame China for the global pandemic of neo-coronary pneumonia, with more talk of a "new cold war" between China and the United States. At the same time, officials from the United States and China are still discussing how to create favorable conditions for the implementation of the first phase of the economic and trade agreement between the two countries and promote the stable development of Sino-US relations. Mr. Premier, given the difficulties China has encountered in its own economy, do you believe that China's economic reforms and concessions are sufficient to address U.S. concerns? If cooperative efforts fail, can the Chinese economy withstand the threat of a "new cold war" and decoupling?

Li Keqiang:

There are indeed some new problems and challenges in China-US relations at present. Sino-US relations are very important. Both countries are permanent members of the UN Security Council. There are many places where they can and should cooperate in dealing with traditional or non-traditional challenges. There are also extensive exchanges in economy, trade, science and technology, and people to people. It can be said that there are extensive common interests between the two countries. The cooperation between China and the United States will benefit both, while the struggle will hurt both. It is not only related to the interests of the two peoples, but also related to the world. Therefore, some problems have caused the world to worry. As for the "new cold war" you mentioned, we have always advocated abandoning the Cold War mentality. Regarding the so-called decoupling, it can be said that the decoupling of the two major economies will not benefit anyone and will hurt the world. We should promote the establishment of Sino-US relations based on coordination, cooperation and stability in accordance with the important consensus reached by the two heads of state.

You focus on the economic aspect. It can be said that the economies of China and the United States have me in you and you in me. It has not been easy along the way, but both sides have benefited from it. This reminds me that just a few days ago, an American high-tech company announced the start of substantial investment projects in Wuhan, China. I am not doing commercial advertising, but I am in favor of its behavior, so I sent a congratulatory letter. This example shows that the Chinese and American business circles need each other and can achieve win-win cooperation.

Business cooperation between China and the United States should follow business rules, be selected by the market, be judged and decided by entrepreneurs, and the government should play a role as a platform. China and the United States are one of the largest developing countries in the world, and the other is the largest developed country in the world. They have different social systems, cultural traditions, and historical backgrounds. Contradictions and differences are inevitable. The problem lies in how to treat them. Sino-US relations have been ups and downs for decades. On the one hand, cooperation is moving forward, on the other hand, stumbling is indeed very complicated. This requires wisdom to expand common interests and manage contradictions and differences. In short, we should respect each other, equality and mutual benefit, respect each other's core interests and major concerns, and seek win-win cooperation. This is beneficial to oneself, to others and to the world. Thank you.

xinhua news agency reporter:

hello, prime minister. When it comes to this year's economic work, the words we hear most frequently are "stability" and "security", what is the relationship between this and market-oriented reform, the Prime Minister? What is the government's focus in this regard?

Li Keqiang:

The experience of China's 40 years of reform and opening up shows that the more difficult it is, the more we must persist in reform. The stability and security proposed by our macro policy is supported by market entities, and it is done around the difficulties and concerns of market entities. This in itself is market-oriented. The practice of reform.

First of all, we need to let the main body of the market survive. The real money of the policy is mainly to bail out the market players and stimulate their market vitality. Real money should be ensured to fall on enterprises and individual industrial and commercial households. The government work report said that we should "keep the green hills and win the future". We now have 120,000,000 market players. They are the green hills. If we keep them, we will win the future.

It is not only necessary to let the main body of the market survive, but more importantly, to activate them through the reform of "letting go of management and service. It is necessary to create a market-oriented, legal and international business environment, get rid of those unreasonable rules and regulations, and make them compete fairly. This kind of measure seems invisible, but it can create tangible wealth. If it is done well, it is no less than the investment of real money.

Another is to let the new market players grow more. As we all know, this response to the epidemic, like online shopping, express delivery, cloud office and so on some new business is against the trend of growth, some operating income increased by 2/3, and now the new business is still emerging. This is related to the deepening of supply-side structural reform, the promotion of high-quality development, the promotion of new kinetic energy for development, and the development of mass entrepreneurship and innovation over the years.

We already have experience, so we should promote these experiences and promote the growth of new kinetic energy and new market players. This year, we will still strive to achieve an average of about 20000 newly registered enterprises per day, which is an important indicator to observe China's economic vitality.

We attach importance to small and medium-sized enterprises, not that we do not attach importance to large enterprises. We still hope that large and medium-sized enterprises will coexist and prosper together, and expect that some small and medium-sized enterprises will grow into large enterprises in the future, so as to form a situation of mutual integration and development. This year we will not only see how well the bail-out policy is used, but also whether the improvement in the business environment is obvious, which can have a multiplier effect. Thank you.

Japan's Asahi Shimbun reporter:

hello, prime minister. My question is, as the world economy is being severely hit by the spread of the neo-coronary pneumonia epidemic, and China has contained the epidemic, does it have any future plans for economic cooperation with its neighbors, including Japan? How does China plan to move forward in the future with regard to the China-Japan-Korea Free Trade Agreement (FTA) and the establishment of a free trade system? Does China intend to participate in the Trans-Pacific Partnership Agreement (TPP)?

Li Keqiang:

At last year's series of leaders' meetings on East Asian cooperation, the leaders of the 15 countries jointly made a commitment to sign the Regional Comprehensive Economic Partnership (RCEP) as scheduled this year. I hope and believe that this commitment will not fail. We are also actively promoting the construction of the China-Japan-Korea Free Trade Area. China, Japan and South Korea are close neighbors, we are willing to establish a small cycle of China, Japan and South Korea in the economic cycle, for example, recently China and South Korea opened up a fast channel, so that business, technical and other personnel can smoothly contact, which is conducive to the resumption of work and production, can be said to be near the water floor first month.

As for the TPP you mentioned just now, I understand that it may refer to the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP). China has a positive and open attitude towards participating in the CPTPP. Thank you.

People's Daily reporter:

hello, prime minister. This year is the decisive year for the fight against poverty, but the income of many families affected by the epidemic has declined, and some people are even facing a return to poverty, so I would like to ask you, under such circumstances, can this year's fight against poverty be successfully completed? And how will our government protect basic people's livelihoods? Thank you.

Li Keqiang:

China is a developing country with a large population. Our per capita annual income is 30000 yuan, but 0.6 billion people earn only 1000 yuan per month. 1000 yuan may be difficult to rent a house in a medium-sized city. Now we are experiencing an epidemic. After the epidemic, people's livelihood is important. How to protect the basic livelihood of those in need and those who are newly affected by the epidemic should be placed in an extremely important position, and a considerable part of the relief policies we have adopted are used to protect the basic livelihood of the people.

We will complete the task of poverty alleviation as scheduled this year. This is a solemn promise made by the Party Central Committee with Comrade Xi Jinping at the core to the whole society. According to the original account, there are still more than 500 million poor people. Affected by the impact of this epidemic, some people may return to poverty, and the task of getting rid of poverty is even heavier. We will take more measures at the same time, especially to take measures to grasp the bottom line of poverty alleviation, and we are sure to accomplish the task of winning a decisive victory in poverty alleviation this year.

Governments at all levels must put the interests of the people first and put the sufferings of thousands of families first. Every policy must consider whether it is beneficial to thousands of families and people's livelihood. This year, in dealing with the impact of the epidemic, we should give special and careful consideration to the protection of people in difficulty in all aspects and expand the scope of subsistence allowances and unemployment protection. At present, there are about 60 million people a year, such as subsistence allowances, unemployment insurance, and special hardship relief. We expect that the number will increase more this year, but the security and relief funds are sufficient, and it is possible to protect them. We also require that we must carefully calculate the accounts and use the money to the best of our ability, so that people's livelihood can be effectively protected. We still have nearly 0.3 billion pensioners. This year we have raised the pension standard, and we must do what we say.

It is necessary to do solid work, and deeds speak louder than words. Our current social security balance and reserves are sufficient to ensure that pensions are paid on time and in full, but there can be no mistakes in our work. A mistake in this matter will make people have no confidence in the future. What's more, the Chinese nation has a tradition of respecting the elderly. We should make all aspects of society feel hope. It is necessary to coordinate the implementation of all aspects of security, which will actually strongly support the stability of the people and promote economic development. The people are the state and the solid state. The work in this area is not one thing, but many things. We all do it well and do it well. We believe that the life of the Chinese people will be better. Thank you.

Singapore's Lianhe Zaobao reporter:

hello, premier. In your government work report, you mentioned that China's development is facing some unpredictable factors because of the global epidemic and the uncertainty of the economic and trade situation. How do you judge the current external situation facing China? How will China respond to changes in the external environment? In addition, what role will China play in the global response to the challenges of public health and the severe economic recession?

Li Keqiang:

Let's look at the changes in the world now. This global pandemic of neo-coronary pneumonia has indeed had a severe impact on the world and has had a tremendous impact. Now because of the epidemic prevention and control, exchanges and cooperation between countries have been significantly reduced. If it continues, the world economy will decline even more seriously, which is dangerous. If the world economy fails to return to growth, it may be difficult to prevent and control the epidemic in the future. In the process of fighting the epidemic, there is a special need for public goods, the need to maintain the stability of the industrial chain and supply chain, and in fact, the need to open up and promote trade and investment liberalization and facilitation. In this way, we can jointly overcome the impact of the epidemic on the world and minimize the losses.

If development behind closed doors does not work, it is back to the farming era. China's unswerving efforts to open up to the outside world will not and cannot change. We will continue to expand cooperation with the world and independently introduce more measures to expand opening up. Openness is as inseparable to all countries as air is to people; otherwise, it will suffocate. In the process of opening up, we also need to maintain the stability of the international industrial chain and supply chain. Of course, some people will say that the industrial chain and supply chain should be adjusted. As for the adjustment of the layout of enterprises, this is to act in accordance with the laws of the market, which is to go in and out, life and death. We cannot violate the laws of the market and design out of thin air, but we must make the market more open to each other.

Adhere to the two-way open, that is to be friendly. First, we hope to respect and treat all countries in the world on an equal footing. Countries, big or small, rich or poor, strong or weak, should follow this rule. If there are any imperfections in the rules of getting along with each other that need to be adjusted and reformed, we will discuss them together. Second, mutual benefit. Since it is cooperation, it is necessary to win-win. Winning alone will not last long, and eating alone will not work. Only in a win-win situation can everyone grow together. In addition, it is to help each other and learn from each other. All countries have their own strengths and must shoulder their due international responsibilities and work together to meet various difficulties and challenges. As a large developing country, China will shoulder its international responsibilities.

Because it is the last question, I would like to take this opportunity to say that China is a huge market, and the large-scale measures we are promoting to rescue and stimulate market vitality will further expand the consumer market. I hope China is still a fertile ground for investment. We are willing to import more foreign goods and become a big market facing the world.

As for how to deal with the public health challenge of the epidemic and get the world economy out of its predicament, I have repeatedly said that we should work together and walk together. I hope and believe that, with the people of all countries working together, there will be more openness after the epidemic and new prosperity after the recession. Thank you.

 

Reprinted from: Xinhua