China's premier denies Beijing tells companies to spy

Chinese Premier Li Keqiang |AP

"The Chinese economy is indeed encountering new downward pressure but we will not allow our economic growth slide below the reasonable range", Li told journalists at his annual press conference held at the end of the almost fortnight-long meeting of China's Parliament, the National People's Congress (NPC).

The ruling Communist Party maintains that Taiwan is part of China and says it seeks "peaceful reunification".

With speculation that Chinese President Xi Jinping and U.S. President Donald Trump may hold a summit in the near future to end a trade war, Li expressed readiness to make the nation's market more open and transparent to foreigners.

Chinese Premier Li Keqiang said Friday the country will ensure the creation of more than 11 million new urban jobs this year.

The supply of nursing services for the elderly and infants in China is insufficient and can not meet demand, and this situation deserves the highest attention, Li said.

But alluding to parts of the new law that allows Beijing to retaliate against countries that it views as having discriminatory or restrictive provisions against Chinese investments, Mr Li said he hopes Chinese firms will also receive fair treatment overseas.

-China relations would keep moving forward and voiced hope that negotiators could achieve results in their trade talks. Earlier this month, a hike in tariffs was put on hold because of promising progress, but US officials have recently noted that "major issues" remain.

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.

Chinese Premier Li Keqiang is not mincing words when he tries to convince the world that Beijing will not use Chinese companies to spy on other countries.

Her father is the company's founder, Ren Zhengfei, a former engineer in the People's Liberation Army.

Tax and fee cuts announced by the government will take effect from April 1, while social security fees will be reduced from May 1, Li told reporters at a news conference at the conclusion of the annual parliament meeting.

Last week Li laid out a lower growth target of 6.0-6.5 percent this year, from 6.6 percent growth in 2018, which was already the slowest pace for nearly three decades.

To help finance the tax cuts, the government would need to tighten its belt, Li said.

The country will encourage business start-ups and innovation to create more job opportunities, he said.



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