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Date 28/12/18 04:10 Views 20 Сomments 0

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  The seventh meeting of China-Japan ruling party exchanges mechanism is held in Xiamen []Cheap Michel Vorm Jersey[/url] , southeast China's Fujian Province, Dec. 25, 2017. Senior members of the Communist Party of China (CPC) and Japan's ruling coalition, formed by the Liberal Democratic Party (LDP) and its coalition partner, Komeito, met in Fujian Province from Dec. 25 to 26 to convene the seventh meeting of China-Japan ruling party exchanges mechanism.(XinhuaLin Shanchuan)
FUZHOU, Dec. 26 (Xinhua) -- Senior members of the Communist Party of China (CPC) and Japan's ruling coalition []Cheap Kyle Walker-Peters Jersey[/url] , formed by the Liberal Democratic Party (LDP) and its coalition partner, Komeito, met in east China's Fujian Province from Dec. 25 to 26 to convene the seventh meeting of China-Japan ruling party exchanges mechanism.

The representatives discussed politics, the economy and people-to-people exchanges.

Song Tao, head of the International Department of the CPC Central Committee, said that ruling parties of the two countries should implement the important consensus reached by the two leaders, cement mutual political trust []Cheap Kyle Walker Jersey[/url] , properly handle the differences, enhance cooperation and reinforce people-to-people exchanges, so as to improve bilateral relationship and promote the ties to develop in a sound way.

Secretary general of the LDP Toshihiro Nikai, secretary general of Komeito Yoshihisa Inoue, and Sadayuki Sakakibara, chairman of the Japan Business Federation (Keidanren), agreed that the meeting was of great significance in advancing mutual political trust and helping improve bilateral ties.

The Japanese representatives said that they are ready to work with the Chinese side to strengthen cooperation and exchanges []Cheap Kieran Trippier Jersey[/url] , so as to accumulate favorable conditions for the improvement of bilateral relationship.

BEIJING, Jan. 1 (Xinhua) -- China met its annual targets on increasing railway investment in 2017 as the authorities continued to promote railway construction.

China spent 801 billion yuan (about 123 billion U.S. dollars) on railway projects and put 3,038 km of new tracks into operation in 2017, meeting its annual targets of 800 billion yuan of investment and 2,100 km of new lines, according to the China Railway Corporation.

By the end of 2017, total mileage of China's railways in operation reached 127 []Cheap Kevin Wimmer Jersey[/url] ,000 km. Among the total, high-speed railways rose to 25,000 km from 22,000 km at the end of 2016.

The growth of railway construction projects came at a time when the country is enduring continuous deceleration in the growth of fixed-asset investment.

In the first 11 months of 2017, fixed-asset investment grew 7.2 percent year on year, down from 8.3 percent during the same period of 2016.

China will invest steadily in transport development this year, flat with 2017 []Cheap Juan Foyth Jersey[/url] , Minister of Transport Li Xiaopeng said in late December, citing the main transport target for 2018.

In the coming three years, transport will play a bigger role in eradicating poverty and achieving greener, safer development, according to Li.

China's Minister of Finance Lou Jiwei takes questions from journalists at a news conference during the ongoing two sessions in Beijing, March 6, 2015. [Wang Jing chinadaily]

China's Finance Minister on Friday denied rumor that the government spent 300 billion yuan ($47.9 billion) on public vehicles []Cheap Josh Onomah Jersey[/url] , receptions and trips.

"It is nonsense to say that," said minister Lou Jiwei at a press conference.

Public funds for government vehicles, officials' overseas trips and official receptions are known as "three public funds."

The central government's expenditure of the funds was 7.1 billion yuan last year, 800 million yuan lower that that of 2013, he said. "The funds for this year would not exceed last year's level."

Lou said he was not clear about the use of funds in local governments, but he estimated the total figure would be dozens of billion yuan, rather than "300 billion yuan" as rumored.

Here are other highlights of the press conference.

Proactive fiscal policy

China's Minister of Finance Lou Jiwei (second of left) takes questions from journalists at a news conference during the ongoing two sessions in Beijing []Cheap Jan Vertonghen Jersey[/url] , March 6, 2015. [Wang Jing chinadaily]

"We must adopt a moderately expansionary fiscal policy in coping with downward pressures, as we de-leverage the economy step by step while preventing it from nose-diving," Lou said.

Signs of recovery in world economy are not obvious enough, including that in the United States, said Lou, adding that China will be affected by such "new normal" of the world economy.

Personal income tax

The government will loosen taxes charged on enterprise annuity to support the fragile pension system encumbered by an aging population.

It's not fair to raise the threshold for personal income tax []Cheap Hugo Lloris Jersey[/url] , Minister of Finance Lou Jiwei said.

Lou also acknowledged drawbacks in the taxation system in regard to personal income, while responding to a question whether more tax cuts are expected to drive consumption needs.


While strengthening the management and reform of mandatory social pension, the ministry has also implemented tax preference policies that support enterprise annuity.

Pilot programs have been carried out on adopting EET model in pension system. "The ministry will work with China Insurance Regulatory Commission to raise a nationwide plan," Lou said.

Asian Infrastructure Investment Bank

The offer of being a founding member of the Asian Infrastructure Investment Bank (AII is still open but the ball is in Japan's court, Lou said.

The chance to be an AIIB founding member is available for all Asian countries including Japan by March 31, Lou said.

"They told us they are considering. Whether Japan will join, we do not know. It is Japan's own dec. []Wholesale Jerseys[/url] []Wholesale Jerseys From China[/url] []Wholesale Cheap Jerseys[/url] []Wholesale Jerseys China[/url] []Wholesale NHL Jerseys China[/url] []Wholesale NBA Jerseys Online[/url] []Wholesale Throwback MLB Jerseys[/url] []Wholesale NCAA College Jerseys[/url] []Authentic Jerseys Free Shipping[/url] []Hockey Jerseys China[/url]


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