ciple. So every country has important principles, and we absolutely c
annot make concessions on such issues of principle,” the vice-premier said.
Liu, however, added that he hoped both sides would exhibit flexibility in the talks.
He refuted the criticism of the US side that China reneged on its promises in the draft trade text.
“We believe that it is only natural to have changes before a final deal; it is something that surely occurs in the process, so we
don’t think the Chinese side has back-walked,” he said, adding that he disagreed with the wording of “renege”.
“We just had differing views on how to phrase some things in t
he text, and we hope to resolve it, so it’s unnecessary to overreact to the issue,” he said.
ures are consistent with the top-line measured GDP growth number. For example, production and
supply of electricity, thermal power, gas and water increased by 7.1 percent in the quarter. Pl
us, value-added index of transport, storage and post increased by 7.3 percent.
A closer look at the highest growth sectors shows that the economy is moving toward the long-term goal of shif
ting away from a development strategy based on heavy investment in industry and
infrastructure to one based on services and domestic consumption. Also, more productive industries that tur
n out higher-value added goods are growing at a much faster rate than traditional heavy industry.
Among large companies, State-owned enterprises grew 4.5 percent yea
r-on-year while shareholding enterprises grew almost twice as fast, at 7.8 percent. So, stro
ng progress is being made toward the goal of promoting private enterprise, which was re
inforced by many policies announced at last month’s meeting of the National People’s Congress.
Xi reviewed 18 vessels from 13 countries invited to participate in a naval parade on Tuesday afternoon.
The foreign vessels in the waters off eastern China’s coastal city of Qingdao saluted
Xi, who was on board the destroyer Xining, in their traditional manners as they passed by.
The vessels whistled and officers and soldiers stood in a ceremonial formation, saluting Xi as they passed by.
“Salute to you, comrades,” Xi called out to the officers and soldiers.
“Hail to you, chairman,” they replied.
Xi alternated the greeting with “Comrades, thanks f
or your hard work,” to which the officers and soldiers replied “Serve the peop
urn the salute, and Xi waved to the naval officers and soldiers aboard the vessels
i onboard the destroyer Xining gave an order to commence the naval parade on the sea off Qingdao at about 2:30 pm Tuesday.
A total of 32 vessels of the People’s Liberation Army Navy sailed in six groups, and 39 warplanes of the navy flew in ten echelons.