China has made some progress in financial and tax reforms, but additional needed improvements have been slower than expected, Finance Minister Lou Jiwei said on Monday at a news conference for the annual session of the 12th National People's Congress.
On March 5, President Xi Jinping spoke with deputies from Shanghai delegation at the annual session of the National People's Congress (NPC), China’s top legislature.
Finance Minister Lou Jiwei said Monday the market mechanism and government support might help China well handle mildly rising bad loans of banks.
East China's Nanchang city will work together with High Technology Computer Corporation (HTC) to develop virtual reality (VR) industry base, said Guo An, mayor of Nanchang city and a deputy to the National People's Congress on Saturday.
Hu Chunhua, Party chief of Guangdong province, vowed on Sunday that the South China province will take the lead in poverty reduction and accomplish the task in 2018.
Painful reforms such as shutting down unprofitable State-owned enterprises are easier amid solid growth. But 6.5 percent is an ambitious growth target that will require significant macroeconomic policy stimulus.
The path from the Great Hall of the People's north gate to the meeting place is only 100 meters long and can be traversed in under a minute, but this ministers' pathway is a channel filled with news.
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