China to boost “mutually beneficial” trade ties with the US, report

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China to boost
China to boost "mutually beneficial" trade ties with the US, report
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BEIJING: The fourth session of China’s 13th National People’s Congress kicked off in Beijing today. Chinese PM Li Keqiang presented a government work report at the opening ceremony.

According to the report, China’s annual gross domestic product (GDP) increased by 2.3% in 2020, while 5.51 million rural poor people were lifted out of poverty.

Over the past five years, China’s GDP has exceeded 70 trillion yuan, now exceeding 100 trillion yuan. The living standards of the people have improved significantly, and the world’s largest social security system has been established.

Chinese PM Li Keqiang said that China’s development continues to face many threats and challenges, but the basis of long-term economic growth has not changed. China’s GDP growth is expected to exceed 6% this year.

The report said that the joint construction of “The Belt and Road”, cooperation on key projects, and interconnection of infrastructure would be further enhanced. The RCEP agreement will be implemented soon, the Sino-European investment agreement will be signed soon and negotiations on a China-Japan-South Korea free trade agreement will be expedited. China and the United States will also pursue mutually beneficial trade relations on the basis of mutual respect.

In China 2021, the principles of “One Country, Two Systems”, “People of Hong Kong, Rulers of Hong Kong” and “People of Macau, Rulers of Macau” and the principles for higher self-determination Comprehensive and accurate implementation will continue.

The legal system and law enforcement procedures will be implemented in special administrative areas to protect national security. External forces will be prevented from interfering in the affairs of Hong Kong and Macau.

In addition, there has been a strong call for a crackdown on separatist activities in Taiwan.

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