Li said only when crude oil prices surge and become unaffordable could alternative fuels be promoted on a national level. However, the decline in oil prices creates a tougher competitive environment for the biofuel industry.
Liaoning province's Dalian Intermediate People's Court issued the verdict on Tuesday, saying that he shall be sentenced to life imprisonment at the expiration of the reprieve, and he shall not be allowed to commute the sentence or be granted parole. The money involved will be turned over to the State treasury.
Li said the external environment is improving and becoming more favorable for China's growth. He said China's producer price index (PPI), which measures factory-gate prices and reflects the state of corporate activities, has stopped falling and picked up in recent months, meaning corporate profits will rise and investment will increase.
Li said he noticed that Canada has clarified that the US-Mexico-Canada Agreement will not affect its autonomy in reaching free trade agreements with other countries. He called on Canada to work with China in safeguarding the free trade mechanism and boost trade and investment.
Li said after years of forestation efforts, the country has a forest stock volume of 15.1 billion cubic meters, an increase of 1.4 billion cubic meters from 2005, which creates a solid foundation for the nation to reach its emission reduction target.
Like many Chinese exporters, Dongyi suspended production after the Spring Festival holiday following the outbreak of COVID-19. Now, the company resumed production with thorough daily disinfection and strict requirements of wearing masks and employee temperature checks.
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Li expressed his gratitude on behalf of the Chinese government to foreign experts in China for their contribution to the country's progress of modernization and reform.
Like China more than three decades ago, Tanzania lacks capital but is rich in labor resources, which Li said is an advantage when developing intensive farming.
Li made the remarks in Beijing while attending a special summit of the Association of Southeast Asian Nations, China, Japan and the Republic of Korea (ASEAN Plus Three or APT) on COVID-19 via video link.
Li instructed inspectors to adopt a problem-oriented approach and explore new working methods such as introducing third-party evaluation on law enforcement.