He said that the latest policies in Tianjin will probably spur a combined housing purchase demand of 100,000 units. "In the long run, the new policies will boost the property market, and specific steps are expected to be taken by the local administration."
He said that the recent recovery of industrial profits was likely to support the Chinese economy to rebound a little in the coming months, but it does not point to a major increase of the country's growth pace.
He said the 0-million facility, which is just one of several financial assistance programs made available to the Philippines by the World Bank during this global health crisis, will bolster the Philippines' overall efforts to provide instant relief to the poor and other hardest-hit sectors and strengthen the healthcare system.
He told media earlier Wednesday that the environmental protection standards that the Port Qasim plant adopted is higher than that of the European Union and the World Bank.
He stressed that under the leadership of the Communist Party of Vietnam (CPV) and the Vietnamese government, people in the affected areas will certainly be able to overcome the disaster and resume normal work and life as soon as possible.
He said the Chinese assistance will help to empower and transform the lives of the refugees.
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He said there should be a sustainable financing scheme. The interests of destination nations should be tied with the interests of the payers. Otherwise, some may lack motives to repay debt, heightening debt risks.
He said they were able to use the wisdom they gained from their experience in China on their way to becoming "mindful global citizens".
He spoke on a panel convened by the Assembly Committee on Jobs, Economic Development and the Economy, and the Assembly Select Committee on Asia/California Trade and Investment Promotion.
He urged the Hong Kong officials to position themselves at the national level when at work and dealing with problems, protect national sovereignty, security and development interests, and perform their duties to the nation.