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China is establishing measures to cut taxes and fees by nearly 2 trillion yuan (8 billion) this year, said Premier Li Keqiang in his Government Work Report.

China is aiming to have 88 million kW of nuclear power capacity in operation or under construction by 2020. The current level is just under 57 million kW.

China is one of the markets in which we are investing most heavily. In the past 10 years, we have been working really hard to find how we can be in tune with the development of China. New needs are emerging. We are not only bringing new knowledge to China, but we are also learning from China.

China is expected to convene the tone-setting economic conference soon－reportedly next week. Economists at home and abroad said it may reaffirm the decisions made at the Political Bureau of the Communist Party of China Central Committee meeting on Dec 8, such as pushing the three major tasks of preventing major risks, reducing poverty in a targeted manner and controlling pollution.

China has vowed that it will not play defense in the escalating trade war, ratcheting up tensions as a new list of items subject to tariffs, including technology and consumer goods was anticipated from Washington.