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Two Sessions 2019 (Lianghui): All Articles

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Two Sessions 2019 (Lianghui): All Articles
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Chief Executive Carrie Lam leaves for an Executive Council meeting after meeting the press, at the Hong Kong government headquarters in Admiralty on May 26. Photo: Robert Ng
Carrie Lam

Letters | Carrie Lam and police lose trust with mainland-style tactics

China economy

China’s VAT cut still does not do enough for small manufacturers

Two Sessions 2019

China ‘won’t undermine EU in exchange for deal to end US trade war’

China economy

China will not ‘discriminate’ between state and private companies

Premier ends National People’s Congress by promising to introduce measures to alleviate burdens felt by the private sector.

China will not ‘discriminate’ between state and private companies, vows Premier Li Keqiang
Two Sessions 2019

Li Keqiang says China must ‘turn the blade inward’ to boost jobs

Premier promises 11 million new jobs as China tries to ensure social stability, with tax cuts and reduced red tape to help private companies.

Two Sessions 2019

The schmoozing and snoring ends not with a bang but a whimper

Reporters’ hopes they would get to pose a question on one of the burning topics of the day were quickly dashed.

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China economy

Foreign investment law shows China serious about opening up says Li Keqiang

Chinese Premier stressed that the law will regulate officials’ behaviour, making sure foreign investors’ rights will be protected.

Chinese Premier Li Keqiang speaks to media at a press conference after the 2nd Session of the 13th National People's Congress closed at the Great Hall of the People in Beijing on Friday, March 15, 2019. Photo: Simon Song
Two Sessions 2019

Top court stung as legislators have say on legal paper scandal

‘Unanswered questions’ over judge-turned-whistleblower who admitted losing documents for major trial results in lowest approval rating in three years.

Two Sessions 2019

Chinese premier says economic decoupling from US ‘not realistic or possible’

Li Keqiang refutes spying suggestion, saying it is ‘not how China behaves’ and that Beijing would never require Chinese companies to do so.

Li Keqiang

Li Keqiang reassures Hong Kong over China’s foreign investment law

Some in the city worried it would miss out on benefits of tweaks to how overseas companies are treated. But premier offers highest-level affirmation yet that it will not.

Li Keqiang spoke on Friday afternoon, shortly after the new law’s passage. Photo: EPA
Two Sessions 2019

Li Keqiang’s report passes with no votes against – a show of approval?

The ballot of the National People’s Congress is often seen as barometer of an incumbent premier’s popularity, with hundreds having opposed some of Li’s past reports – but he is seen as face of Xi Jinping’s policies.

Chinese President Xi Jinping (left) and Premier Li Keqiang applaud during the closing session of the National People’s Congress in Beijing on Friday. Photo: AP
Two Sessions 2019

China needs 11 million new jobs next year to ensure stability, premier says

Uncertainty persists even as the National People’s Congress passes a law protecting foreign investment in China, and several proposals to fend off an economic downturn.

Two Sessions 2019

New law to level playing field for foreign investors approved by China

Attempt by Beijing to address key issues raised by US President Donald Trump as part of the US-China trade war including forced technology transfer and market access.

Two Sessions 2019

China’s home appliance queen plays down US-China trade war

Outspoken Gree Electric chairwoman and National People’s Congress delegate Dong Mingzhu rules out price cuts to expand market share overseas amid US-China trade war.

China’s home appliance queen Dong Mingzhu backs ambitious Gree Electric target, plays down trade war
Two Sessions 2019

China steps up military tech drive in bid to challenge US dominance

Country is pumping more resources into developing equipment ranging from better guns to state-of-the-art warplanes, according to armaments specialists.

Two J-20 stealth fighter jets perform at an air show in Guangdong province last year. Although they are among China’s most advanced planes, they still rely on Russian engines. Photo: AP
Two Sessions 2019

Why China is struggling to realise its dream of a Hainan hi-tech paradise

The southern tropical province is to be transformed into a digital free trade zone, but there is still much to be done as officials struggle to meet the grand plan’s ambitious targets.

Two Sessions 2019

Taiwan ‘can’t resist historic trend towards unification’

Zhang Zhijun, head of the semi-official Association for Relations Across the Taiwan Strait, says mainland’s growing strength means it will inevitably achieve its goal.

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Two Sessions 2019

US-China trade war takes air out of Chinese art market bubble

But fleeing speculators could leave room for other buyers to collect at affordable prices, insiders say.

The trade war took its toll on the Chinese art market last year, insiders say. Photo: Ink Asia
Two Sessions 2019

China’s foreign investment law is too vague, says US business group

American Chamber of Commerce in China welcomes legislation ‘in principle’ but says it doesn’t go into enough detail and needs more consultation.

Two Sessions 2019

Top Chinese adviser urges faith in party’s judgment in face of challenges

China must be ‘prepared to fight tough battles’ this year, the nation’s largest political advisory body is told on the final day of ‘two sessions’.

China economy

Out of the darkness: Is China about to perform a shadow banking U-turn?

Government crack down on debt and risky lending also eliminated legitimate funding channels for smaller private sector businesses.

Is China about to bring shadow banking back out of the darkness to kick start its slowing economy?
Electric & new energy vehicles

Are Chinese electric car start-ups doomed after Tesla’s big price cuts?

China sees connected EVs as an opportunity to reduce foreign oil imports and gain parity in car production with established powerhouses such as Germany, the US and Japan.

Are Chinese electric car start-ups doomed after Tesla’s big price cuts?
Two Sessions 2019

China says it may eventually phase out Uygur ‘training centres’ in Xinjiang

Camps in far western region where more than 1 million Muslims are said to be held for political re-education have drawn international condemnation.

Two Sessions 2019

Chinese courts pledge to increase pressure on financial crime

Prosecutor says 27,000 people were charged with running scams in 2018, while cases involving illegal crowdfunding, pyramid schemes and bad peer-to-peer loans were up 11 per cent.

Two Sessions 2019

Intellectual property cases in China jumped by 40 per cent in 2018

IPR is a key area of tension in trade relations between the US and China.

It was the second consecutive year the number of IPR cases processed by the courts went up by more than 40 per cent. Photo: Handout
Two Sessions 2019

Hong Kong securities regulator to work closely with mainland peer

Bourses on both sides have become increasingly interconnected as Hong Kong seeks to play global role.

Tim Lui Tim-leung, the newly appointed chairman of the Securities and Futures Commission. Photo: Xiaomei Chen
Two Sessions 2019

Taiwan warned it will feel the squeeze if it rejects one-China

President Tsai Ing-wen is ‘delusional’ and is leading the island down a dead end, says Beijing adviser on cross-strait issues.

Two Sessions 2019

‘We will keep your secrets’, China promises foreign companies

Updated foreign investment law due to come into effect from January 2020 and stipulates equal treatment for overseas firms.

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