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ld be "fully and faithfully" im◆plemented. A draft decision on establishing and improving the ◆legal system and enforcement mechanisms for HKSAR has been subm◆itted to China's national legislature for deliberation. The pr◆emier added that the government will "resolutely oppose and det◆er any separatist activities seeking 'Taiwan independence'," an◆d pledged to continue to take measures to encourage cross-Strai◆ts exchanges and cooperation. He said compatriots in Taiwan w◆ould be encouraged to "join us in opposing 'Taiwan independence◆' and promoting China's reunification." Business and job supp◆ort Li emphS

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asized the government would do its utmost to suppor◆t enterprises, stressing that micro, small and medium businesse◆s were in particulQ

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t in the context of the pand◆emic. The premier announced that exemptions introduced earlier◆ this year to help businesses through the pandemic, due t7

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o expi◆re by JunX

e, would be extended to the end of 2020 and said furth◆er cuts to taxes and fees of around 500 billion yuan (70.2 bill◆ion U.S. dollars) would be mad3

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e. Corporate incoM

me tax payments◆ by micro and small businesses will also be postponed until 202◆1, as part of a series of measures Li said would result in savi◆ngs n

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of 2.5 trillion yuan for enterprises this year. Loan paymen◆ts for micro, small and medium businesses will be postponed unt◆il March anv

Basic

d banks will be encoura2

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issue new loans to suc

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egulations should be tightened◆ to "prevent funds circulating in the financial sector for the ◆sake of arbitrage." Trillions in bonds Li announced a consume◆r price index target of7

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3.5 percent for 2020 and a deficit targ◆et of 3.6 percent of GDP, up from 2.8 percent last year, sugges◆ting room to maneuver in the pursuit of strengthened economic g◆rowth. He sl

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