This year the forum has invited some 300 guests, including the 2015 Nobel Prize in Economic Sciences winner Angus S. Deaton, founder of the Europe-China Forum David Gosset, Chairman of the China Reform Foundation Fan Gang, and President of the China Institute for Reform and Development Chi Fulin.
This year, the number of Chinese delegates has dropped sharply — to about 110 from around 155 in 2017.
This year, we will cut taxes and fees on a larger scale, which is expected to reduce the tax burden and social insurance contributions of companies by nearly two trillion yuan. Tax cuts for enterprises will lead to lower fiscal revenues, yet the spending in key areas such as people's livelihood must be maintained. Then what is our solution? Instead of substantially raising the deficit-to-GDP ratio, we are asking governments at all levels to tighten their belts, explore every possible means to expand revenue and reduce spending, and follow a new approach of putting idle assets and funds to better use while notably cutting general expenditures. We will make the negative list on market access shorter, streamline administrative approval procedures, strengthen impartial regulation, and improve the efficiency of government services, with a view to creating a level playing field for market entities of all types.
Those results are in line with the farming and language dispersal hypothesis of agricultural expansion in China, which proposed that the present-day distribution of many languages and language families can be traced to the early development and dispersal of farming, and are also supported by archaeological evidence.
This year's grain output is expected to be stable above 650 million metric tons, it said.
Those in Generation Y, also known as the millennial generation,are accustomed to using a variety of social mediatools and generally prefer omni-media shopping experiences.
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This year marks the 45th anniversary of the China-Germany diplomatic relationship, and Premier Li Keqiang's official visit to Germany four weeks ago has also brought positive progress in bilateral ties, he added.
This year is the 70th anniversary of the two countries' establishment of diplomatic ties. Faced with shifting dynamics in the international community and headwinds countering economic globalization, China and Russia will voice their common stance in upholding multilateralism and supporting trade liberalization and investment facilitation, Le said.
This year's Government Work Report emphasized ensuring stability on six fronts, including employment, the financial sector, foreign trade, foreign investment, domestic investment, and expectations. It also stressed maintaining security in six areas, including job security, basic living needs, operations of market entities, food and energy security, stable industrial and supply chains and the normal functioning of primary-level governments.
This year’s event also comes as tech companies face more regulatory pressure and general criticism.