China to firmly uphold One Country, Two Systems policy, realize national rejuvenation: report

China

China to firmly uphold One Country, Two Systems policy, realize national rejuvenation: report

2026-03-05 13:34 Last Updated At：03-06 00:57

China will resolutely implement the policy of One Country, Two Systems and firmly advance the cause of national reunification, according to a government work report submitted Thursday to the country's top legislature for deliberation.

Premier Li Qiang delivered the report on behalf of the State Council at the opening meeting of the fourth session of the 14th National People's Congress (NPC) in Beijing.

"We will resolutely implement the policy of One Country, Two Systems, under which the people of Hong Kong administer Hong Kong and the people of Macao administer Macao, both with a high degree of autonomy, and ensure that Hong Kong and Macao are administered by patriots. We will support Hong Kong and Macao in better integrating into and contributing to the country's overall development and promote their long-term prosperity and stability," said Li.

He also noted that the country will firmly fight against Taiwan separatist forces while fostering the peaceful development of cross-Strait relations.

"We will fully implement the Party's overall policy for the new era on resolving the Taiwan question. We will stay committed to the one-China principle and the 1992 Consensus, resolutely fight against separatist forces aimed at Taiwan secession, and oppose external interference, so as to promote the peaceful development of cross-Strait relations and advance the cause of national reunification," the premier said.

EU at risk of stagflation amid Middle East conflict: commissioner

The European Union is facing the risk of a stagflationary shock as the ongoing conflict in the Middle East is driving up energy prices and clouding the economic outlook, European Commissioner for Economy Valdis Dombrovskis said on Monday.

The European Commission's spring 2026 economic forecast, to be released later this week, will see economic growth figures adjusted down and inflation figures up, said Dombrovskis during an interview while attending a meeting of finance ministers from the Group of Seven (G7) in Paris.

With the Strait of Hormuz closed and oil prices staying above 100 U.S. dollars per barrel, fears of stagflation have risen in recent weeks, said Dombrovskis, adding that the margin of action by policymakers is "more limited" now.

The commissioner said it's important that the bloc take temporary, targeted support measures rather than measures that sustain high demand for fossil fuels.

Dombrovskis also described the EU's release of strategic oil reserves as "ongoing," while warning of concerns about shortages in areas such as innovative fuels.

The International Energy Agency Executive Director, Fatih Birol, said on Monday that commercial oil stocks are declining "rapidly", with several weeks of supply left due to the consequences of the conflict in the Middle East.

Europe could face fuel shortages by the end of this month.