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China has made employment a priority and tried to improve the quality of employment through vocational training, Yin said.
China has been revamping its massive State-owned businesses through mergers and acquisitions, industrial upgrading and innovation. In September, the central government launched its largest private equity fund, worth 350 billion yuan, to finance SOE restructuring.
China decided to begin three-year duty on out-of-quota sugar imports to protect the domestic industry. The duty will be set at 45 percent from May 22, 2017 to May 21, 2018, and be reduced to 40 percent and then 35 percent in each subsequent year.
China has a huge market and is a leading manufacturer, while Israel is one of the leading nations in innovation. In recent years, the two nations have stepped up hi-tech cooperation, mainly focusing on information technology, life sciences and healthcare, cyber security, energy, advanced manufacturing and robotics.
China has been pursuing diplomatic efforts in the hope that all parties will join in the serious search for a real, effective and peaceful solution, Cui said.
