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China will deepen reform of smaller banks to strengthen their risk management capability and to enable financial institutions to better serve the economy, according to a meeting of the national financial authority.
China would like to join hands with Pakistan to implement the important consensus reached by the leaders of the two countries and ensure that more fruitful results will be achieved in bilateral cooperation, he said.
China will never go down the path of a powerful state turning to hegemony, he said, urging the US to view China and their bilateral relations correctly.
China will further VAT reform in 2019 to ensure tax will only be cut rather than increased, the Minister of Finance said. The total taxes and fees to be cut this year may exceed the governmental target of 2 trillion yuan, according to minister Liu Kun.
China's ceaseless efforts to protect intellectual property rights have quickened after witnessing the fast development of software industry both at home and abroad, a company executive said.
来源：资阳报