A ship unloaded 565 tons of dragon fruit imported from Vietnam at the Dalian container terminal in Dalian, Liaoning province, on April 27, 2020. [Photo by Yu Xinwen/for chinadaily.com.cn]
China's economic recovery is set to benefit member states of the Association of Southeast Asian Nations (ASEAN), even amid continuing uncertainty over COVID-19, a leading Asian economist said.
"China is an important economic partner of ASEAN, and at a time when the developed economies are suffering from a sharp downturn, China is the only large source of demand that could still be growing," said Manu Bhaskaran, founding director and CEO of Centennial Asia Advisors, an economic consultancy in Singapore.
China has been ASEAN's largest trading partner for 10 years, according to the Ministry of Commerce. Meanwhile, in the first quarter of 2020, ASEAN replaced the European Union as China's largest trading partner, accounting for 15.1 percent of the nation" alt="经济学家：中国的经济复苏将惠及东盟">
2020年5月27日，中国人民政治协商会议第十三届全国委员会第三次会议在北京人民大会堂举行闭幕会。新华社记者 庞兴雷 摄
The convening of the "two sessions" has shown that China's all-out war against the COVID-19 epidemic has achieved significant strategic results, injecting confidence and impetus to world development, many foreign political parties have said. In messages recently sent to the International Department of the Communist Party of China (CPC) Central Committee, foreign political party leaders said the ongoing "two sessions" demonstrate China's firm determination to coordinate the prevention and control of the epidemic and its economic and social development.
Gabonese Democratic Party Secretary General Eric Dodo Bounguendza said that as the COVID-19 pandemic continues to ravage the world, China's successful convening of the "two sessions" demonstrates that China has achieved significant strategic results in the fight against the COVID-19 outbreak. Noting that the epidemic cannot stop the CPC from leading the Chinese people in their development and progress, Bounguendza said he is confident that the success of the "two sessions" will further unite the Chinese people, and achieve the great goal of eradicating poverty and achieving a moderately prosperous society in all respects as scheduled.
President of Brazil's Workers' Party Gleisi Hoffmann said that the convening of the "two sessions" in the special context of the global outbreak of COVID-19 is of great significance to China and the world in combating the pandemic and restoring economic and social development. She expressed her confidence that the "two sessions" will find solutions to a series of problems the world is facing, and thus usher countries out of the current crisis and in building a better world.
Juan Carlos Latorre, president of the Christian Democratic Organization of America, thanked the CPC for sending a message on the convening of the "two sessions" and China's experience in advancing the resumption of work and production. The unexpected pandemic has taught the human race a painful lesson that no country can beat the coronavirus alone, he said, urging all countries to work together to solve this global crisis.
Jan Zahradil, a veteran member of the European Parliament and chairman of the EU-China Friendship Group in the European Parliament, noted that a raft of measures aimed at boosting economic and social recovery have been passed at China's "two sessions," which will inject strong confidence and impetus into China's war on poverty and other stated goals. In its 2020 government work report, China has vowed to stay committed to opening its doors wider to the world and promote trade liberalization and facilitation, he said, which will provide policy support for practical cooperation between the European Union (EU) and China, and promote the healthy development of EU-China comprehensive strategic partnership.
Temesgen Hurkato, the Research and Ideology head of Ethiopia's Prosperity Party, said that the important claims of safeguarding its sovereignty and the practice of "one country, two systems" that China has brought out in the government work report are critically important to Hong Kong, Macao, and Taiwan affairs, which Ethiopia totally agrees. Temesgen said China is the world's second largest economy. When the whole world is thinking about the post-pandemic world order, they all set their sights on the East.
Niger's Ambassador to China Inoussa Moustapha said China convened the "two sessions" to discuss issues over national development and people's welfare as soon as conditions allowed, which demonstrates Chinese President Xi Jinping" alt="多国政党政要：中国两会为世界传递信心">
Employees work at the production line of a JAC Motors plant in Hefei, Anhui province, on May 26, 2020. [Photo/Xinhua]
If you want to have a better understanding of the world's second-largest economy, then you should look at its five-year plan for economic and social development.
The year 2020 is a juncture where China will wrap up the plan for the 2016-2020 period and prepare for its next master plan. Such a policy blueprint usually sets forth China's strategic intentions and defines its major objectives, tasks and measures for economic and social development.
China is now in the homestretch to completing the building of a moderately prosperous society in all respects and achieving the targets set in the 13th five-year plan.
While the COVID-19 pandemic has significantly increased uncertainties for development, the country has shown firm determination to deliver the goals as scheduled.
The ongoing annual sessions of the national legislature and political advisory body, known as the "two sessions," have further prepared the country in securing the final victories and offered clues of what would top the agenda of development policies in the medium term.
China's decision not to set a specific GDP target for 2020 has captured headlines worldwide, raising questions on its economic resilience amid pandemic fallout.
Analysts said that putting headline GDP growth targets on the back burner is a move of practical significance to the country's long-term growth, as it is only one of the many fundamentals of economic prosperity, manifested in the 2016-2020 plan.
The plan, adopted in March 2016, was in part designed to address China's structural challenges and ensure long-term prosperity and economic growth, and put forward new gauges of the progress in building a moderately prosperous society in all respects.
Green and innovative development was highlighted by the plan.
Ten out of the plan" alt="“十三五”规划目标收官 “两会”聚焦“十四五”规划">
Premier Li Keqiang waves to reporters before he takes questions at a news conference via video link in Beijing on May 28, 2020. [Photo/Xinhua]
On reducing corporate operating costs
China will introduce more targeted and effective measures to further reduce corporate operating costs and the country will achieve its development goals for this year, as well as the goal of building a moderately prosperous society in all respects, Li Keqiang said.
Li said that China has still reserved policies in fiscal, financial and social security arenas and the country is in a strong position to quickly introduce new measures to keep its economic development on a steady course.
On protecting jobs, livelihoods
China's economic policies in coping with shocks of the novel coronavirus will focus on keeping jobs and protecting people's livelihoods.
The focus of the country's massive supportive policies is not large infrastructure construction projects, the Premier said, adding that about 70 percent of the funds from the supportive policies will be used to increase people's income, which can spur consumption and increase market demand.
On COVID-19 outbreak
China and many other countries are investing into the research and development of vaccines, effective drugs and testing agents, which, when available, should become public goods, Li said on Thursday, adding China is ready to share those products.
China will continue to manage any outbreak promptly and control the contagion in a scientific manner, and no cover-up will be allowed, Li said.
China's principle and policy toward Taiwan has been consistent, adhering to the one-China principle and the 1992 Consensus, Li said.
"We are firmly opposed to 'Taiwan independence'," he said. "On this basis, we are ready to communicate with any political party, group or individual in Taiwan to promote peaceful development across the Straits and peaceful reunification of the country." alt="国务院总理李克强记者会双语要点">
香港特别行政区维护国家安全的法律制度和执行机制 the legal system and enforcement mechanisms for the HKSAR to safeguard national security