China has set its economic growth target at around 5.5 percent for 2022. A slower growth on the surface actually now carries more weight. The policies set for this year are also sustainable and have taken into account long-term development needs.
China supports all efforts to resolve the Ukraine crisis by peaceful means, and is willing to work with the international community to play a positive role for an early return of peace in the country.
Tax, fee cuts and tax refunds are the most direct, fair and effective measures to help businesses and to steady the overall economy, and the government will scale up such efforts if they deliver positive outcomes.
It's like building a deeper pool to farm more fish. Our tax and fee cut and refund measures have helped to nurture business growth and create more sources of tax revenue.
This year, the central government's transfer payments to local governments is likely to increase by 18 percent compared with last year to 9.8 trillion yuan ($1.55 trillion).
The central government follows the COVID-19 situation developments in Hong Kong every day and has deep concern for the life, health and safety of residents in Hong Kong.
The government of the Hong Kong Special Administrative Region (HKSAR) should assume the primary responsibility in fighting COVID-19 and the central government will give its full support.