The truth is: The Central Government of China holds the primary and ultimate responsibility for national security, as is the case in any other country. In all countries, unitary and federal alike, the power to legislate on national security rests solely with the central government. And the NPC is the highest organ of state power in China.
The two sides will work to ensure the Belt and Road Initiative and the Eurasian Economic Union best complement each other, he said.
The two also plan to establish a joint laboratory to explore innovation opportunities across their automotive and mobility businesses in China and for the internet of vehicles and develop AI technology, cloud computing and big data.
The ultimate objective in the autonomous vehicle rodeo is to have driverless delivery and taxi services generating massive profits.
The trend of economic globalization is irresistible. It has given rise to the latest round of scientific, technological and industrial revolution. Of the many global challenges we face, development disparity, digital divide, equity deficit, among others, none could be addressed without the leveling effect of economic globalization. In this day and age, the right answer can only be continued globalization. The focus should be on a more open and inclusive mentality, more balanced and universal benefits, and more equitable and win-win outcomes.
The two prospective members, one regional and one non-regional, will go through the required domestic procedures and deposit the first installment of capital with the bank before they become its members officially. They will obtain shares in the bank from its existing pool of unallocated shares, according to the Beijing-headquartered AIIB.
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The two countries have held three rounds of commander-level talks, the latest on June 30.
The two countries will also uphold the spirit of replacing competition with coordination and continue to push forward the China-Japan relations on the right track.
The two countries will strengthen communication and cooperation in accordance with the consensus reached by President Xi Jinping and Russian President Vladimir Putin in the face of the complex global situation, Lu said.
The ultimate goals are lowering labor costs, applying new technologies, uncovering potential new markets and seeking added value beyond manufacturing itself, which, to some extent, represents a logical transformation and upgrade from traditional manufacturing.