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China will cut the value-added tax rates April 1 and lower the social insurance fees from May 1, said Premier Li Keqiang on Friday.
China will never pursue development at the expense of others' interests, but nor will China ever give up its legitimate rights and interests. No one should expect us to swallow anything that undermines our interests. China pursues a national defense policy that is in nature defensive. China's development does not pose a threat to any other country. No matter what stage of development it reaches, China will never seek hegemony or engage in expansion.
China's Assistant Minister of Commerce Li Chenggang told a recent news conference that China does not pursue a trade surplus and is willing to import more commodities from ASEAN countries.
China's central and local governments are engines driving its economic development, by providing macro-level guidance, ensuring stability for a super-large country, and attracting investment and creating jobs and income via such resources as taxes, land and policies, said Zhang Weiwei, head of China Institute, Fudan University.
China will not resort to competitive measures like zero interest rate or quantitative easing, but would instead maintain its conventional monetary policies over the long term and ensure currency stability, a top monetary official said.
来源：资阳报