He said the foreign investment law, taking effect on Wednesday, will bring about several changes. For instance, in the upcoming year, foreign investment is expected to flow not only to big-ticket projects but also to small and medium-sized ones, Wei said.
He was released from prison last October after serving his sentence. He has said that he would surrender himself to the police of Taiwan.
He said that to effectively address the challenge, the government should play down the importance of the GDP growth target to avoid massive short-term stimulus, and stick to prudent and neutral monetary policy while rationalizing fiscal responsibilities between central and local government.
He told a quarterly news conference held by the ministry in Beijing that the registered urban unemployment rate nationwide, based on the number of people who registered for benefits, was 3.66 percent by the end of March, whereas the urban jobless rate based on surveys was 5.9 percent.
He was found to have seriously violated the CPC's eight-point code on frugality and maintaining close ties with the masses, seeking pomp, ostentation and privileges.
He was received by Bahrain's King Hamad bin Isa Al-Khalifa and top officials. The Saudi crown prince's accompanying delegation included a number of princes and senior officials.
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He suggested companies like ByteDance study the new list and "seriously and cautiously" consider whether they should cease sales negotiations.
He says that it is anti-cancer drugs, particularly those for prolonging life, which are in demand by often wealthy patients.
He told Xinhua in an interview that the project will strengthen Ukraine's role on the modern Silk Road.
He warned that if the countries failed to make joint efforts to cope with common threats, the whole world will sink.