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There is no limit on the duration of permanent residents' stay in China.
On behalf of the State Council, I will now report to you on the work of the government for your deliberation and approval. I invite comments on my report from the members of the National Committee of the Chinese People's Political Consultative Conference (CPPCC).
Momentum was created for reform and development through opening up. We worked hard to keep foreign trade stable by adjusting the mechanism for sharing the cost of export tax rebates between the central and local governments, overhauling and regulating charges for imports and exports, increasing trade facilitation, and making changes to the export mix. The number of restrictions on overseas investment in China was cut by 50%, and over 95% of overseas-funded projects may now be undertaken on a simple reporting basis. China utilized US6.3 billion of overseas investment, an increase of 5.6%. Non-financial outward foreign direct investment reached 8 billion, up 14.7%. Pilot free trade zones were established in Guangdong, Tianjin, and Fujian based on the model of the China (Shanghai) Pilot Free Trade Zone. The RMB was included in the IMF's Special Drawing Rights basket. The Asian Infrastructure Investment Bank was officially inaugurated, and the Silk Road Fund opened for business. China signed free trade agreements with the Republic of Korea and Australia, respectively,and signed the Protocol to Amend the Framework Agreement on Comprehensive Economic Cooperation between China and ASEAN. Progress was made in the Silk Road Economic Belt and 21st Century Maritime Silk Road Initiative (the Belt and Road Initiative), the pace of our industrial-capacity cooperation with other countries was stepped up, and breakthroughs were made in China's export of high-speed railway and nuclear power equipment.
The mainland earthquake monitoring center put the scale of the quake at 6.7-magnitude.
"The U.S.-Philippines cooperation should not target third parties, harm the sovereignty or security interests of other states or hamper regional peace and stability," Foreign Ministry spokesperson Hua Chunying said at a regular press briefing.
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