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The Third Session of China's 12Th National People's Congress (NPC) Opened at the Great Hall of the People in Beijing, on March 5, 2015

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The Third Session of China's 12Th National People's Congress (NPC) Opened at the Great Hall of the People in Beijing, on March 5, 2015 VOL. XXVII No. 3 March 2015 Rs. 20.00 The third session of China's 12th National People's Congress (NPC) opened at the Great Hall of the People in Beijing, on March 5, 2015. Nearly 3,000 NPC deputies from across the country attended the opening meeting along with top Party and State leaders. Premier Li Keqiang delivered his government work report at the opening meeting. On March 4, Mr. Le Yucheng, Chinese Ambassador to Chinese Ambassador Mr. Le Yucheng attended the India attended the party organized by teachers and “International Conference Railways @ 2020” organized students of Jawaharlal Nehru University to celebrate by ASSOCHAM on March 11 and gave a lecture. Indian China’s Spring Festival. The Ambassador delivered a Railway Minister Mr. Suresh Prabhakar Prabhu and other speech on Chinese cultural to the participants. 150 officials and enterprisers were also present. Chinese Ambassador to India Mr. Le Yucheng met with Mr. Chinese Embassy to India held a reception to celebrate Rajeev Kher, Commerce Secretary of Indian Ministry of the upcoming Chinese Lantern Festival and Holi in the Commerce and Industry in New Delhi on March 2 and evening of March 3. About 150 correspondents and exchanged views with him on China-India trade and scholars attended the event. economic cooperation. Chinese Ambassador to India Mr. Le Yucheng addressed China’s Guangzhou Acrobatic Troupe held their first the “India China Investment and Trade Promotion “Happy New Year” show at Siri Fort Auditorium in New Symposium” in New Delhi on March 3. The symposium Delhi on February 27. Chinese artists’ wonderful was jointly organised by Chinese Tianjin municipal performance was warmly welcomed by a total of about government and the Confederation of Indian Industry (CII). 2,000 audiences. CONTENTS NPC & CPPCC SESSIONS 2015 1. China's National Legislature Opens Annual Session 4 2. China's Top Legislator Delivers NPC Standing Committee Work Report 10 3. China's Top Political Advisory Body Starts Annual Session 11 4. Premier Li Keqiang Meets the Press 12 5. Foreign Minister Wang Yi Meets the Press 15 65th ANNIVERSARY OF CHINA-INDIA DIPLOMATIC RELATIONS 1. Chinese Ambassador Le Yucheng's Speech for the India Today Conclave 2015 24 2. Chinese Ambassador Le Yucheng's Address at the Media and Think Tank Reception 27 3. On the 65th Anniversary of India-China Diplomatic Relations 30 4. Dragon-Elephant Win-Win Tango is Desirable 34 5. Bearing Witness to the Growth of China-India Relations 36 EXTERNAL AFFAIRS 1. Xi Meets with Kissinger, Calls for More Trust Between China, U.S. 39 2. Xi Reaffirms China's Support for European Integration 40 3. Chinese President Xi Jinping Meets with Britain's Prince William 41 4. Chinese Premier Li Keqiang Meets with Sri Lankan Foreign Minister 43 REVIVING THE SILK ROAD 1. China's 2015 Diplomacy Focuses on "Belt and Road" 44 2. China's Silk Road Fund Starts Operation 47 3. China to Share Economic Development with Countries along Maritime Silk Road 48 4. China's Maritime Silk Road Initiative Promotes Regional Prosperity 48 ECONOMIC AFFAIRS 1. World Factory to World Investor 50 2. China Goes Global 54 3. Unleashing the Force of Agriculture 57 CULTURE & LIFE 1. Representing Old Beijing 61 2. Revisiting Quanzhou's Cultural Heritage 64 3. People Celebrate Spring Festival & Lantern Festival around China 67 TIBET TODAY 1. Tibetan Official Slams Dalai Lama Reincarnation Claim 69 2. Lhasa Households Enjoy Heating Subsidy 70 3. Construction of the Eco-Friendly Lhasa-Shigatse Railway 71 BOOK REVIEW 76 CCTV NEWS YOUR LINK TO CHINA AND THE WORLD 77 CRI A BRIDGE OF FRIENDSHIP 78 4 NPC & CPPCC Sessions 2015 News From China March 2015 NPC & CPPCC SESSIONS 2015 China's National Legislature Opens Annual Session Chinese leaders Xi Jinping (3rd L, front), Li Keqiang (3rd R, front), Yu Zhengsheng (2nd L, front), Liu Yunshan (2nd R, front), Wang Qishan (1st L, front) and Zhang Gaoli (1st R, front) attend the opening meeting of the third session of China's 12th National People's Congress (NPC) at the Great Hall of the People in Beijing, capital of China, March 5, 2015.(Xinhua/Lan Hongguang) Beijing, March 5 (Xinhua) — The 12th Lower GDP growth target National People’s Congress (NPC), China’s China plans to lower the annual GDP growth national legislature, opened its third annual target to around 7 percent from 7.5 percent, the session Thursday morning at the Great Hall of slowest in 22 years. the People in Beijing. Proactive fiscal, prudent monetary Premier Li Keqiang delivered his annual policies government work report at the opening China will continue to implement proactive meeting. fiscal policy and prudent monetary policy in 2015, while noting policy flexibility to sustain Highlights of Government Work Report economic growth. Premier Li Keqiang delivered his Fiscal reform government work report when the 12th China will encourage qualified private National People’s Congress opened its annual investors to establish, in accordance with law, session on March 5. Below are the Highlights of small and medium-sized banks and other the report: financial institutions. News From China March 2015 NPC & CPPCC Sessions 2015 5 Chinese Premier Li Keqiang delivers the government work report during the opening meeting of the third session of China's 12th National People's Congress (NPC) at the Great Hall of the People in Beijing, capital of China, March 5, 2015. (Xinhua/Huang Jingwen) The nation will also keep the RMB exchange 4.5% rate at an appropriate and balanced level and Ensure registered urban unemployment allow it to float more freely. rate not to exceed 4.5 percent The Shenzhen-Hong Kong Stock Connect 6% will be launched on a trial basis at an Increase imports and exports by around 6 appropriate time. percent Agricultural reform 3.1% China set the target to reduce the poor rural Cut energy intensity by 3.1 percent population by more than 10 million. 1.62 trillion yuan Annual government budget deficit is “Made in China 2025” Strategy projected to be 1.62 trillion yuan China will develop the “Internet Plus” action 2.3% plan to integrate the mobile Internet, cloud Deficit to GDP ratio will rise from last year’s computing and big data with modern 2.1 percent to 2.3 percent manufacturing. 12% Key Figures for China’s Economy in 2015 M2 money supply is forecast to grow by around 12 percent, but actual supply may be 7% slightly higher Increase GDP by approximately 7 percent 477.6 billion yuan 3% The central government will increase its Keep increase in CPI at around 3 percent budgetary investment to 477.6 billion yuan 10 million 800 billion yuan Create over 10 million jobs in urban areas Over 800 billion yuan will be invested in 6 NPC & CPPCC Sessions 2015 News From China March 2015 railway construction and open over 8,000 km of He also expressed dissatisfaction over the railways to traffic implementation of some policies and 7.4 million denounced laziness and corruption among a Build an additional 7.4 million units of small number of civil servants. government-subsidized housing However, Li said he is “fully confident” as 10 million China’s development has enormous potential Reduce the poor rural population by more and is hugely resilient, with ample room for than 10 million growth. 550 million metric tons The Premier stressed that the growth rate is Keep grain output above 550 million metric “both aligned with our goal of finishing building tons a moderately prosperous society in all respects 3.1% and is appropriate in terms of the need to grow Cut the intensity of carbon dioxide by at and upgrade our economy.” least 3.1 percent Considering the size of China’s economy, 3.66 million gross domestic product (GDP) worth of 63.6 Renovate 3.66 million dilapidated rural trillion yuan (10.39 trillion U.S. dollars) in 2014, houses, an increase of 1 million over the even the growth of 7 percent will produce an renovated last year annual increase of more than 800 billion U.S. dollars at current price, larger than the figure China’s Parliament Convenes, Pooling produced by a 10-percent growth five years ago, Strength to Tackle “Formidable said Fan Jianping, chief economist for the Difficulty” government think-tank State Information Premier Li Keqiang warned “formidable Center of China. difficulty” in 2015, setting a slower growth David Dollar, senior fellow with John L. target, but stressed his confidence in the Thornton China Center under U.S. think-tank ongoing reform to start new development Brookings, told Xinhua that it is realistic for engines in his government work report. China’s economy to grow in the 6-7 percent The annual government work report, range. delivered by Li at the opening meeting of the “I do not see that as a problem for China or national legislature’s annual session, set this the world, as long as the slowdown is gradual,” year’s economic growth target at 7 percent, Dollar said. “China will continue to provide a lot lower than last year’s target and the 7.4-percent of demand for other economies, but the nature actual growth in 2014. of that demand is changing.” Other economic indices such as consumer Premier Li highlighted “dual objectives” of price index (CPI), set at 3 percent, and maintaining a medium-to-high level of growth unemployment rate at 4.5 percent are also rate and moving toward a medium-to-high level slightly lower than last year. of development. Predicting the situation in 2015, the As for how to realize the goals, the solution Premier admitted that the difficulties China is presented in Li’s report is dubbed “twin to face may be “even more formidable” than last e n g i n e s ”, w h i c h r e f e r s t o p o p u l a r year, with downward pressure on the economy entrepreneurship and innovation and increased building up and deep-seated problems in supply of public goods and services.
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