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ational Cooperation, to be held in Beijing on Thursday through Saturday, S
ong said the ministry will help deepen economic and trade cooperation with other coun
tries. “China will build more free trade zones with countries that are willing to do so,” Song added.
“As for the existing free trade zones, we will reduce administrative barriers in trade
and investment and push the formation of a big Belt and Road marketplace.”
While some critics have argued that the initiative will lead countries i
nto debt traps, Song said debt can be solved through joint efforts to promote the devel
opment of BRI economies. “Even though some countries may have high debt levels, as their pace of indus
trialization, urbanization and modernization accelerates, their debts will gradually decrease.”
Joe Kaeser, president and CEO of Siemens AG, said, “If an initiative like the BRI unifies more than two-thirds of the global
population, it will create massive infrastructure and economic movement that will build its own rules.”
ulsory education, basic medical care, housing, drinking water, eldercare and ch
ild care, in addition to addressing other pressing issues for some groups in society.
Social security mechanisms to help those most in need will be furthe
r refined, with subsistence allowance systems set to be optimized, the statement said.
The meeting also called for full implementation of requirements set in the Ce
ntral Economic Work Conference, the annual policymaking meeting held in December.
The meeting urged an even more proactive fiscal policy and full implementation of tax and fee cuts.
Monetary policy will be eased or tightened to the right degree, and
it will be adjusted in accordance with economic growth and real-time inflationary and pricing
scenarios, the statement said, adding that financial support for the real economy will be bolstered.
nergy of all parties, Belt and Road cooperation will definitely become deep and concrete, steady and extensive,” the report said.
“The Belt and Road will become a road of peace, prosperity, opening up, green development, innovatio
n, connected civilizations, and clean government. It wi
ll make economic globalization become more open, inclusive, balanced and beneficial to all.”
China will improve its oversight of human related scientific research and medic
al tests under draft laws and amendments submitted to China’s top legislature for review on Saturday.
Medical and scientific research related to human genes and embryos mi
ght present risks to health or violate ethics, and they must be strictly regulated therefore, said She
n Chunyao, senior legislator of the Constitution and Law Committee of the National People’s Congress.
A new item has been added to the country’s draft civil law, requiring that all
medical and scientific research related to human genes and embryos must f
ollow strict rules, laws and regulations, and should not pose a threat to people’s health or violate moral or ethical codes.
China’s first aircraft carrier, the Liaoning, and latest nuclear submarines, destroyers and fighter jets will join the parade, Qiu said.
“Some vessels will make their debut for the first time,” Qiu added.
Altogether 32 Chinese vessels and 39 warplanes will take part in the event, according to Qiu.
The vessels will sail in six groups, namely, those of submar
ines, destroyers, frigates, landing ships, auxiliary ships, and aircraft carrier.
The planes will fly in 10 echelons, showcasing aircraft for early warning, reconnaissance, anti-submarine patrol, as wel
l as bombers, fighters, carrier-based fighters, and carrier-based helicopters, Qiu said.
More than 60 countries will send delegations to join multinational naval even
ts marking the anniversary, and over 30 countries of them will send major navy leaders to participate, according to Qiu.
Nearly 20 foreign vessels of various capabilities, including destro
yers, frigates and landing ships, will join Chinese vessels in the naval parade, show
ing to the world the “firm determination to safeguard peace and seek development with joint efforts,” Qiu said.
Organizing multinational naval parades is a unique ceremonial activity of navies, according to Qiu.
The Chinese People’s Liberation Army Navy has been active in pr
oviding security products for the international community since its founding, Qiu said.
The navy has paid over 100 visits to 94 countries and 138 ports, and has held more th
an 60 joint military drills with foreign navies over the 70 years, according to Qiu.
Since 2008, the navy has sent 32 escort fleets, 103 vessels, 69 helicopters and more than 27,000 officers and soldiers to escor
t over 6,600 vessels, more than a half of which were foreign merchant ships, he added.
Since 2010, the naval hospital ship Peace Ark has traveled to 43 countries and regions and provided free medical servi
ces to over 230,000 people, Qiu said.Under the current IPO system, new shares are subject to approval from t