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In the name of protecting domestic industries, the United States has slapped steep tariffs on billions of dollars' worth of products from its partners, heightening trade tensions worldwide and rocking the foundation of the multilateral trading system.

In the past two years, the government has invested 36 million yuan in total to help operations at 140 bookstores. This year, it grew to 50 million yuan. 

In the past 16 years, we have worked to increase mutual political trust and kept to the overall direction of amity and good-neighborliness. We have fully and effectively implemented the DOC, deepened practical maritime cooperation, launched and advanced consultations on COC to keep disputes under control and preserve stability in the South China Sea.

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In the past few months, foreign investors and Hong Kong entrepreneurs like himself have seen the vigorous economic rebound on the mainland as the pandemic was brought under control. This has boosted their confidence in the economic prospects of the country, he said.

In the overall development of the province’s innovation-driven economy, Shenzhen stands out. Wang Weizhong, the city’s Party chief, said the city will increase R&D investment from the current 4.1 percent of GDP to 4.2 percent over the next five years, to enhance basic research.

In the past decade, CCA has achieved an annual growth rate of more than 40 percent. Its total new contract value amounted to billion by 2015, up 189 percent from the levels five years ago.

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In the next five years, China will import goods worth 8 trillion U.S. dollars, he added.

In the mean time, it's challenging for the US to find another country to replace China to absorb its soybean supply and if China stops soybean import from the US, it will result in reduction of domestic value-added in related sectors of up to .9 billion and job losses of up to 86,000 people in the US, he said.

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In the past 40 years of reform and opening-up, especially since the CPC's 18th National Congress in 2012, the CPC has led the entire nation in working together and has written a new chapter in Chinese history. Great changes have taken place in China, and socialism with Chinese characteristics has entered a new era.

In the nation's capital, the Beijing Municipal Commission of Transport is now soliciting public opinion on a draft rule aimed at railway scofflaws. Under the draft rules, fare dodgers, passengers who occupy others' seats or who smoke on board will be blacklisted.