Li said that despite the scale of the tax cuts, which also include major value-added tax reductions, they would increase the budget deficit by only 0.2 percent, which would still be within the norm for developed countries of around 3 percent. He said some of the deficit would be financed by profits from State-owned enterprises.
Lian said both assets and debts will likely grow by about 10 percent this year and next year, while profit will grow at the same rate as in 2016.
Li made the remarks while meeting with New Zealand's former Prime Minister John Key.
Like many visitors to Hong Kong, Liang spent a lot of time shopping in Causeway Bay and Tsim Sha Tsui, buying various cosmetics for herself and friends, but she was also impressed by Central, the financial district.
Liew of MainSpring Technology, agreed with Lei on tapping local talent in Southeast Asia and suggested that companies work out a win-win model based on pooling of capital and technology and a joint understanding of market demands to avoid mistakes that global technology multinational companies have made in China.
Like Amazon’s other Go stores, customers scan a QR code from the Amazon Go app to enter, as overhead cameras track humans and items as part of a cashierless shopping experience.
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Lieutenant General He Lei, vice-president of the PLA Academy of Military Science and a national legislator, told reporters that China's diplomatic and defense policies are peaceful and defensive in nature. Therefore no matter how the nation increases its military budget, it will never threaten other countries or engage in an arms race with others.
Li said he looks forward to positive and pragmatic outcomes to be achieved at the China-EU leaders' meeting next month, especially in pushing forward talks on China-EU investment agreement and coping with climate change.
Li lost his right leg in an accident, and his wife suffered hemiplegia after a cerebral hemorrhage. Li once felt his life was in despair.
Like Liu, Shi also invests a lot in his hobby. He has eight pairs of roller skates, with the most expensive one costing about 1,000 yuan (5).