China and Canada should work together to promote the stable, healthy and sustainable development of bilateral economic and trade relations, Chinese Vice Premier He Lifeng said in Beijing on Friday.
He, also a member of the Political Bureau of the Communist Party of China Central Committee, made the remarks while attending the Canada-China Trade and Investment Banquet together with the visiting Canadian Prime Minister Mark Carney.
Speaking at the event, He said that under the strategic guidance of the important consensus reached by their leaders, China and Canada should adhere to the principles of mutual respect, peaceful coexistence, win-win cooperation, and mutual success, and jointly promote the stable, healthy, and sustainable development of bilateral economic and trade relations.
China is steadfastly expanding high-standard opening up, continuously developing new quality productive forces, and is willing to work with countries around the world, including Canada, to create new prospects for cooperation, said He.
Carney noted at the banquet that China is Canada's second-largest trading partner and said Canada looks forward to strengthening high-level exchanges with China, making full use of dialogue mechanisms in areas such as the economy and trade, and deepening cooperation in trade, agriculture, energy and other fields.
Carney arrived in Beijing on Wednesday to begin a four-day official visit to China, marking the first trip to the country by a Canadian prime minister in eight years.
China, Canada should work together for stable, healthy, sustainable economic ties: Vice Premier
Chinese Premier Li Qiang on Friday chaired a State Council executive meeting which mulled measures to boost consumption by accelerating the formation of new growth points in service consumption.
The meeting called for continued efforts to boost consumption by fully leveraging the integrated effects of different policies, linking improvement in people's wellbeing to consumption growth, and giving full play to the fundamental role of consumption in driving economic growth.
The meeting emphasized the importance of accelerating the cultivation of new growth points in service consumption, supporting new business forms, models, and scenarios, and increasing the supply of high-quality services.
Efforts should be made to improve the long-term mechanism for promoting consumption by formulating and implementing plans aimed at expanding consumption during the 15th Five-Year Plan period (2026-2030), increasing the income of urban and rural residents, speeding up the removal of unreasonable restrictive measures for consumption, and implementing the paid leave system. These measures are intended to boost people's consumption capacity and willingness to spend, promote the upgrading of consumption and industrial structures, and accelerate the building of a strong domestic market.
The meeting also made arrangements for actions to clear overdue payments to enterprises and ensure the issue of wage arrears for migrant workers is properly addressed. The meeting also deliberated and adopted a draft decision of the State Council on revising and abolishing some administrative regulations.
Chinese premier chairs meeting on promoting service consumption
