He said there was a need to monitor the debt level of the household sector, which should match levels of individual income and the property loans. The country should also optimize land supplies and improve the local government debt mechanism, to reduce the reliance on fiscal income from selling land.
He told lawmakers that he would not say if the president had committed a crime.
He said that the exhibition at the museum to mark the day — jointly launched by eight cultural institutions across the country — demonstrates a selection of some 200 cultural relics dating from the Spring and Autumn Period (770-476 BC) to the Han Dynasty (206 BC to AD220).
He said the administration has completed a draft of another outline designed to help China grow into an IP powerhouse by 2035, "and we'll speed up the formulation of the document and submit it to the central government for approval this year," he added.
He was extending invitations to interested partners and potential investors around the world to attend the Alaska-China business conference, which is scheduled to take place in Anchorage on Jan 24. An event held annually in the Last Frontier State, the theme conference turned 13 years old this year.
He said that the contagion is a "severe test" for China's ability to eliminate market risks and ensure goods circulation, but it won't change the trend of long-term stability and continuous consumption upgrade. The average daily sales of key retail enterprises monitored by the Ministry of Commerce in late February rose by 5.6 percent compared to mid-February. In early March, the average sales grew by 0.5 percent on a monthly basis.
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He said the draft improves the "one country, two systems" principle, and safeguards national sovereignty and security, while emphasizing that the ultimate purpose of this law is to maintain the constitutional order of the HKSAR, protect Hong Kong people's rights and freedom and restore Hong Kong's rule of law as soon as possible.
He said the government will continue to reduce taxes and costs for enterprises. A total of 1 trillion yuan (8.3 billion) of tax and cost burdens is expected to be reduced by year's end.
He said that what gave BAIC the edge over its competitors was not only the EU 300 model itself, which can run up to 300 km when fully charged, but BAIC's battery swap solutions that allows a new fully-charged battery to be swapped into the car within three minutes.
He started work on the day he signed as a volunteer on Feb 4, with his duties including such tasks as checking passes and the temperature of people entering the community or delivering food and other necessities to his neighbors in self-quarantine.