France cooperation has not changed, Xi said.
“The history of China-France cooperation shows that bilateral ties are not ‘a zero-sum game.’ The strong com
plementarities between the two economies will remain for a long time,” Xi said, adding that China’s sustained devel
opment and further opening-up will create a host of new opportunities as well as broader space for bilateral cooperation.
Xi called on the two countries to constantly explore new fields of cooperation, nurture new growth areas for cooper
ation, and speed up the implementation of the Belt and Road and third-party cooperation projects that have been agreed upon.
“China staands ready to strengthen strategic communication and coordination with France on major issues including the UN aff
airs, the reform of the World Trade Organization and climate change,” Xi said, adding that China always supports European inte
gration and hopes France can play a more active role in leading and promoting China-Europe relations.
Hailing his successful visit to China last year, Macron said that the two countries have been implementing the important con
sensus reached by him and Xi over the past year, strengthening cooperation on economy, trade, technology and culture.
for a “high-income country” — above $12,736 in per capital GDP — set by the World Bank in 2015.
However, a productivity slowdown, aging population and unbalanced regional developme
nt could be among the “bottlenecks” that constrain China in becoming a high-income country, economists said.
Given the pressure of the slowing global economy, a high degree of leveraging maintains the top risk for China’s econ
omy, thus measures should continue to reduce the debt-to-GDP ratio “in proper order”, said Lou Jiwei, chairman of
the National Council for Social Security Fund and a former finance minister.
It is necessary to build a long-term and efficient mechanism for financial regula
tion and fiscal supervision, and to prevent potential risks in the property sector, Lou said.
The three-day China Development Forum has a guest list of more than 150 international delegates, including global industry leaders.
tion with China on jointly building the Belt and Road, She said.
Noting that the history of Italy-China exchanges for the past 50 years has been a history of dia
logue and friendship, the speaker said the Italian Senate is willing to facilitate exchanges between the two cou
ntries’ legislative institutions, and continue to make contributions to deepening Italy-China friendly cooperation.
Xi arrived in Rome Thursday for a state visit to Italy, the first stop of his three-nation Europe tour, which will also take him to Monaco and France.
hinese authorities have unveiled detailed measures to implement valu
e-added tax reform, a key step to boost market vitality and stabilize economic growth.
Starting April 1 this year, the 16 percent VAT rate that applies to manufa
cturing and other sectors will be lowered to 13 percent, while the rate for construction, tran
sport and other sectors will be reduced from 10 percent to 9 percent, said a joint statement released on Th
ursday by the Ministry of Finance, State Taxation Administration and the General Administration of Customs.
amaged by a pending indictment stemming from a corruption investigatio
n, it became increasingly clear that Trump would look to bolster one of his closest international partners.
Netanyahu in recent weeks had begun to renew his push for the US to recognize the Go
lan Heights as part of Israel. Earlier this month, he brought US ambassador to Israel David Friedman and
Sen. Lindsey Graham, R-South Carolina, to the Israeli-occupied territory, touting its strategic imp
ortance. Graham, a close ally of the President’s, promised Netanyahu he would personally lobby Trump to deliver.
The Israeli ambassador’s visit was a precursor to Trump’s announcement on Thursday, a sen
ior administration official told CNN. The Golan Heights recognition had been in the works for sev
eral weeks, the official said, and culminated in a series of meetings between the President and his senior staff this week.
US officials have offered no explanation as to w
hy Trump decided to take this step now, rather than wait until after Israel’s April 9 elections.