He voiced hope that both sides could work together in a mutually accommodating spirit, with a view to reaching a comprehensive, balanced and high-level agreement this year, "which can stand the test of times and satisfy the people in both China and the EU."
He said the company would take proactive measures to face the challenges and strive to mitigate the impact in response to an increasingly complex external environment, with more stringent cost controls and cash flow management to be implemented for the rest of the year.
He took advantage of his power and influence to seek benefits for others, accepted a "huge amount" of money and gifts in return, sought substantial benefits for his relatives' businesses and accepted valuable gifts.
He was joined by his longtime friend, singer-songwriter Gao Qi, for a performance of John Lennon's classic song, Imagine.
He said the ferry left a port in Real, a town Quezon province, around 9:00 a.m. (0100 GMT) and was on the way to Polillo, an island in the northeastern region of the Philippine archipelago which is separated from Luzon island by the Polilio Strait.
He said the yuan faces pressure in the coming months, mainly driven by the US Fed's policy normalization plan.
呼市胃痛一定要照胃镜吗
He stressed while it is economically irrational for Trump to wage a trade war, it might be politically rational to do so. Negotiations between the two nations would be long and bumpy, he warned. Wu called the US argument that China's State-owned enterprises are government-directed and not market-led "ironic".
He said the ministry is currently working with other government branches such as the General Administration of Customs and the Ministry of Finance to discuss details of tax incentives, as well as favorable policies for the research and development of pharmaceutical business in bonded areas, and the new optimization policies will be soon introduced.
He said tremendous progress on politics, the economy and society has been made by China in the past 40 years.
He warned that the threat of protectionism remains present, saying in some people's view, trade is treated as a factor that upsets labor markets, and technology is seen as the main cause of this disturbance.