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Blandit Veroeros Consequat

dded that fiscal policy will be more proactive◆ aM

nd monetary policy more flexible this year. China-U.S. trade◆ Li said China remained committed to opening its doors to the◆ outside world in a complex international environment and would◆ continue to work with the United States to implement the first◆ phase of the economic and trade agreement between the two coun◆tries. The premier added that efforts to complete the Regional◆ Comprehensive Economic Partnership would continue and free tra◆de negotiations with Japan, South Korea and other countries wou◆ld be advanced. He also said the negative list for foreign T

inv◆estment will be "significantly shortened" H

 

Blandit Veroeros Consequat

and some new measures◆ would be implemented to heJ

lp ease and raise capacity of intern◆ational trade. Hong Kong and national security Li confirmed "◆sound legal systems and enforcement mechanisms for safeguarding◆ national security" would be established in the Hong Kong and M◆acao special administrative regions and stressed that the "One ◆Country, Two Systems" policy would be "fully and faithfully" im◆plemented. A draft decision on establishing and improving the ◆legal system and enT

forcement mechanisms for HKSAR has been subm◆ix

 

Sed Amet Phasellus

tted to China's national legislature for deliberation. The pr◆emier added that the government will "resolutely oppose and det◆er any separatist activities seeking 'k

Taiwan independence'," an◆d pledged to continue to8

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take measures to encourage cross-Strai◆ts exchanges and cooperation. He said compatriots in Taiwan w◆ould be encouraged to "join us in opposing 'Taiwan independen8

ce◆' and promoting China's reunification." BusineG

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ss and job supp◆ort Li emphasized the government would do its utmost to suppor◆t enterprises, stressing that micro, small and medium businesse◆s were in particularO

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need of support in the context of the pand◆emic. The premier announced that exemptions introduced earlier◆ this year to help businesses through the pandemic, due t5

o expi◆re by June, would be extended to the end ofG

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2020 and said furth◆er cuts to taxes and fees of around 500 billion yuan (70.2 bill◆ion U.S. dollars) would be made. Corporate income tax payments◆ by micro and sy

mall businesses will also be postponed until 202◆15

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, as part of a series of measures Li said would result in savi◆ngs of 2.5 trillion yuan for enterprises this year. Loan paymen◆ts for micro, small and medium busine8

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