The Economy

: Lionel Leong: Macao is an active player in B&R Initiative
Macao is an active and important player in the Belt and Road Initiative, as it makes good use of close ties with Portuguese-speaking countries, said NPC deputy Lionel Leong to China.org.cn.

: China ponders tax deduction for two-child family
China is pondering tax deduction for two-child family, Finance Minister Xiao Jie said Tuesday.

: Real economy, SOEs crucial for NE China development: Xi
Chinese President Xi Jinping said Tuesday that the northeastern province of Liaoning must depend on the real economy to realize rejuvenation, stressing the leading role of state-owned companies.

: China's fiscal deficit target proactive, prudent
China's fiscal deficit target this year is proactive and prudent, Finance Minister Xiao Jie said Tuesday.

: New energy car makers punished for fraudulent subsidies
China has punished a number of new-energy vehicle (NEV) manufacturers for fraudulently claiming subsidies, Finance Minister Xiao Jie said Tuesday.

: Debt-to-GDP ratio at 36.7%, risks under control: minister
China's finance minister on Tuesday reiterated confidence in controlling debt risks despite some irregularities in local governments' financing activities.

: Complicated economic statistics
China's gross national product in 2016 exceeded RMB70 trillion, an increase of 6.7% over the previous year.” He stressed that this figure is authentic and credible.

: Chinese legislators downplay 'trade war' with US
Chinese legislators and political advisors are downplaying the possibility of a "trade war" between China and the United States during the country's ongoing annual legislative meeting.

: Xiaomi in no rush for int'l expansion
Chinese smartphone company Xiaomi is in no rush to expand internationally and will expand into the overseas markets gradually, the company's CEO said Monday.

: China to be a top display maker in 2019
China is expected to become the world's biggest producer of semiconductor display panels around 2019, according to Li Dongsheng, chairman and CEO of TCL Corp.

: Ex-ICBC chief urges clarity on leverage ratios
China should confirm the leverage ratios of State-owned enterprises by category and inject capital into those related to national welfare and security, said the former president of the Industrial and Commercial Bank of China.

: Real economy needs more private investment
Gu Shengzu, vice chairman of the Financial and Economic Affairs Committee of the 12th NPC, elaborates his views on China's economic development, saying that private investment is needed to boost the real and regional economies.

: AI soon to be used daily: iFLYTEK's Liu Qingfeng
A string of amazing breakthroughs in artificial intelligence (AI) has provided conditions for its application in daily use, said the helmsman behind China's industry frontrunner on March 5.

: Nuke power exec urges massive sector expansion
A top nuke industry executive has urged mass production of Hualong 1 reactors and priority to the latest nuclear tech in future projects.

: Vigilance for financial risks urged
China's regulators should be vigilant for financial risks and continue to push deleveraging to ensure healthy and steady economic growth, members of the country's top political advisory body said on Monday.

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