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With business ranging from human resource brokerage, e-commerce, to micro-financing, the platform will provide investment facilitation and financing support to young Taiwanese entrepreneurs in the mainland.

China stands firm to address industrial overcapacity according to the rules of the market economy, Li said.

According to the report of the State Flood Control and Drought Relief Headquarters at the meeting, due to the early arrival of flood season and heavy rainfall, the country is to face extremely difficult conditions of rain and flood this year. The water levels have crossed the warning mark in the middle and lower reaches of the Yangtze River, the Dongtinghu Lake and the Poyanghu Lake as well as more than 200 rivers, and a number of middle- and small-sized flood control facilities were damaged. The task of flood prevention is therefore heavy and arduous. Premier Li said that water conservancy and flood prevention and control have always been of utmost importance to the stability of the country and well-being of the people. It is forecasted that torrential rain will continue in several places and the flood situation remains serious. The instructions of the Party Central Committee and the State Council must be carried out faithfully to ensure greater preparedness for major floods and better emergency response and relief efforts. No one shall drop guard although no major flood has occurred in the recent years and no one is allowed to leave it to chance even if we now have better major water conservancy facilities. We must always put people first, act in accordance with law and make sound plans for flood prevention and control, and mobilize the widest possible masses, so that we can be fully prepared to fight even the most catastrophic flood and minimize its damage.

He also called on the two sides to deepen cooperation at local levels, enhance exchanges between think tanks, universities and scholars, and strengthen exchanges and cooperation in tourism and winter sports.

Economic Governance