Ardern met with Premier Li Keqiang on Monday morn
ing, and the two witnessed the signing of four cooperative documents to pr
omote cooperation in tax issues, agriculture, finance and science at a signing cer
emony. A joint declaration on climate change was also released after their meeting.
Zhao Jianglin, a researcher of Asia-Pacific economic studies at the Chinese Academy of Social Sciences, said the visit by Ardern
will provide a timely boost to China-New Zealand relations after the dispute over the use of Chinese telecom equipment.
China has been a key trade partner with New Zealand, which could also provide important s
upport to the Belt and Road Initiative and China’s relations with countries in the South Pacific, she said.
A price cut swept China’s many sectors on Monday, as value-added tax rate reduction officially kicked in.
This year’s Government Work Report, which was released las
t month, said the rate bracket of 16 percent in manufacturing and other industries will