Premier Li: More attention on senior services, sufficient child care

Cheryl Sanders
March 17, 2019

Replying to a question on perceptions that Beijing has not taken practical action to back-up its talk of greater reform and opening, and that the new law was accelerated mostly as a response to U.S. pressure, Mr Li said that opening up "is China's fundamental state policy".

The government should take more measures to encourage private investment to develop the services, but effective supervision is needed to ensure such services are safe, Li added.

"We also hope that foreign governments can view in an objective light the cooperation between Chinese companies and their foreign partners based on contractual consent", he said.

Washington and Beijing have been locked in a tit-for-tat tariff battle as USA presses China for an end to practices and policies it argues have given Chinese firms unfair advantages, including subsidizing of industry, limits on access for foreign companies and alleged theft of intellectual property.


Noting that both China and the EU are important poles in a multi-polar world, Li said a growing China-EU relationship serves the interests of both sides and the world.

The enactment of a new foreign investment law by China's largely rubber-stamp legislature suggested that Beijing has made some concessions to Washington over contentious trade issues such as alleged intellectual property theft and forced technology transfer.

Trump is demanding China to reduce the Dollars 375 billion trade deficit, provide legal protection for intellectual property rights (IPR), technology transfer and more access to American goods to Chinese markets.

"In actual practice, our goal is to generate the same amount of job opportunities as we did previous year, which is over 13 million", Li told a press conference after the conclusion of the annual session of China's national legislature.


The law will offer better legal support to the protection and attraction of foreign investment, as well as regulate government behaviours, Li said.

Li said that China will honor its commitments to continue pushing ahead with opening up and reform.

"We have to prepare more and we have reserved policy room (to address uncertainties)", Li told a news conference after the annual parliament meeting ended. "This is not monetary easing but to more effectively support the real economy".

In order to keep the country stable China will ensure the creation of more than 11 million new urban jobs this year, he said.


It will prevent zero-employment families and provide more policy support to companies that hire more people.

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