tory as a mirror, and combining their personal ideals with the dream of national rejuvenation, Hu Xianzhong, a senior re
searcher at the China Youth and Children Research Center, said in an article published by China Youth Daily on Sunday.
Since the movement began nearly a century ago, the country’s youth
has been collectively marching with the times and the people under the leadership of the C
PC－whether in periods of revolution, construction, or in the nation’s campaign of reform and openingup, Hu said.
As the centenary of the movement draws near, a good understanding of its history will make yout
hs know more about why their futures are closely connected with the rejuvenation of the Chinese nation so that
they will find their niches and play bigger roles in the country’s socialist cause, he added.
Chen Yuhao, a postgraduate student at the U
niversity of International Business and Economics, said the spirit of patriotism, progress, democracy and s
cience is still the core value of Chinese youth, and should be upheld and carried forward in the new era.
ing, and the two witnessed the signing of four cooperative documents to pr
omote cooperation in tax issues, agriculture, finance and science at a signing cer
emony. A joint declaration on climate change was also released after their meeting.
Zhao Jianglin, a researcher of Asia-Pacific economic studies at the Chinese Academy of Social Sciences, said the visit by Ardern
will provide a timely boost to China-New Zealand relations after the dispute over the use of Chinese telecom equipment.
China has been a key trade partner with New Zealand, which could also provide important s
upport to the Belt and Road Initiative and China’s relations with countries in the South Pacific, she said.
A price cut swept China’s many sectors on Monday, as value-added tax rate reduction officially kicked in.
This year’s Government Work Report, which was released las
t month, said the rate bracket of 16 percent in manufacturing and other industries will
development in China, and the EU welcomes China’s willingness to share its development opportunities.
Chinese enterprises are welcome to invest in European countries, said the European leaders, adding that they will not adopt restrictive measures against specific com
panies, and are willing to provide a fair, open and transparent business environment for all foreign enterprises.
During the visit, Peng Liyuan, Xi’s wife, also attended a number of events aimed at deepeni
ng cultural and educational exchanges between China and the European nations.
As a special envoy of the United Nations Educational, Scientific and Cultural Organization (UNESCO) for the advanceme
nt of girls’ and women’s education, Peng was invited to visit the headquarters of the UNESCO in Paris.
Wang said Peng’s visit highlighted China’s image of a hardworking, responsible maj
or country that actively participates in international education, gender equality and other affairs.
systemic financial risks, are the fundamental tasks of financial work, calling for accelerated construction of the fina
ncial market infrastructure and advanced efforts to nationalize key information infrastructure in the sector.
He also urged solid statistics in the financial sector and improvement in the warning system and rules on information disclosure and management.
Education and supervision of senior officials of financial institutions and regulators sh
ould be enhanced, and more should be done to fight corruption in the financial sector, Xi said.
He called for dynamic supervision of domestic and cross-border capital flow to enable financial watchdogs to fully monitor all flows.
Xi said tasks for the reform and opening-up of the financial sector should be well implem
ented, calling for the preparation and the rolling-out of new reform and opening-up measures based on
the latest development of global economy and finance as well as the strategic needs of China.
Reforms including revamps on market access system and trading regulations should be deepened, and regulators should take a two-pronged appr
oach of enforcing both macro-prudential management and micromanagement of behaviors, he said.
He said those causing major financial risks due to their breaches such as lax regula
tion, cover-ups or decision-making failures must be held accountable and face serious punishment.
Efforts should be made to address the current situation where the costs of legal and
regulatory breaches in the financial sector, especially capital markets, are too low, Xi said.
Xi urged enhancing the global competitiveness of China’s financial sector, elevating the two-way opening-up to a highe
r level and beefing up capabilities of financial management and risk prevention and control amid greater opening-up.