After a writer from US information store NBC News inquired if taxes would be a vital topic at this year’s Two Sessions, NPC director Lou criticized Washington’s decision to impose punitive tariffs as a infraction of global trade rules.
The United States ‘ unilateral imposition of tariffs violates the WTO’s ( WTO ) regulations and impairs the stability and security of the world’s industrial chain and supply chain, according to Lou.
Lou advocated for a balanced approach and expressed hope that” the United States and China will match each other half and discover a solution to the problem through similar conversation.”
Lou emphasized Beijing’s commitment to international cooperation and a rules-based world trading system as tensions between the world and shifting political dynamics continue to impose on international relationships.  ,
China” will even work together to promote equitable economic globalization by strengthening cooperation with all countries in the world to simultaneously guard the hard-won multilateral trading system, oppose unilateralism and isolationism, and promote cooperation in this regard,” he said.
DEALING WITH ECONOMIC PRESSURES
In light of this situation, the Chinese government acknowledged on Tuesday that the country’s business, which is already grappling with local difficulties, has been negatively impacted by external pressures.
According to Lou, the NPC spokesperson, “internationally, rising economic and political difficulties make it harder to stabilise outside demand.”
He continued,” some businesses are experiencing operational difficulties, and domestically, demand is insufficient, and.”
However, Lou emphasized the tenacity of China’s economic bases despite the persistent difficulties.
He cited the country’s” super-large market” and” complete industrial system” as cases as examples, noting that the country’s economic foundation is stable, has many advantages, strong endurance, and great potential, and the long-term aid situations and fundamental changes have never changed.
Lou cited the a number of steps that were announced in September of last year as one of the steps taken to boost the Chinese market. He even brought up the national effort to “use new productive makes,” or” xin zhi wen chan li” in Mandarin.
” China’s market has often grown stronger through testing and ups and downs. We are comfortable in the state of the Chinese economy,” Lou said.
Premier Li Qiang will deliver the government function statement at the NPC beginning on Wednesday, when China is expected to outline its economic priorities and commitments for the year. These include goals for important measures like GDP growth and fiscal gap.
Experts have told CNA that they anticipate that Chinese policymakers will introduce new measures aimed at a more violent, household-focused fiscal strategy as authorities increasingly look to collect money from their own citizens to boost the economy.