There are about 19 CEOs of Internet industry becomes the NPC deputies or CPPCC members of the two sessions of the year for example Xiaomi CEO, Lei Jun, Baidu CEO Robin L. And their proposals are mainly related to the internet and high-tech industry. For example, Lei Jun’s Proposals this year including suggestions on speeding up the development of national standards for smart homes and suggestions on continuing to amend the company law to improve the entrepreneurial environment. And Robin Li’s Proposals this year are focused on speeding up the development of unmanned vehicle policies and regulations, revitalizing the special network resources, and optimizing the management of airspace resources.
I think these CEOs’ proposals will definitely contribute to the country’s economic strategy, because the enterprises behind them are also the most leading enterprises in China and even the world. The problems they found or met in the practice, are the reality and foresight in the development of the industry. For example, in the field of artificial intelligence. Through a series of ALL IN AI strategies, such as the ABC strategy and the development of the unmanned system, Baidu has become the top ranking enterprise in the field of global AI. And Robin Li ’s proposals this year has a focus on speeding up the development of unmanned vehicle policies and regulations. This has a high reference to the future economic policies of the country and even the relevant laws and regulations. Finance is the core of modern economy, and financial security is an important part of national security. At present, China’s economy is in the key period of transformation and upgrading, and it needs strong support from finance. At the same time, the adjustment of some monetary and fiscal policies of the country may have an external impact on China’s financial stability. This needs to raise the importance of financial security to a new height. In recent years, China’s financial industry has been deepening reform and opening up. It has made a series of significant historical progress, such as the control of interest rate and lending rate, the RMB becoming the international reserve currency, and so on, which provides strong support for the stable and healthy development of China’s economy.
However, while China’s financial innovation is booming, there are some hidden dangers, which need to guard against risks. At present, the strength of Chinese financial institutions has been greatly enhanced. However, some financial institutions are not aware of risk prevention and governance level, and financial regulation has not kept up with the development of financial formats. In order to maintain financial stability and prevent financial risk, financial monitoring and supervision is crucial. I understand in the future relevant laws and regulations on capital market will be more and strict. Of course the number of the members of NPC deputies is huge compared to west law-making bodies. The number of Western parliaments, the house of Lords generally no more than a dozen people, the house of Commons is also a few hundred. But the deputies of NPC this year are 2980. This reflect the greater population of China. Second, the nature of the NPC deputies are truly represent the people, so the content of the discussion of NPC are mainly focused on the problem of the proposals reflected and how to solve them, so in the NPC the discussion is mainly harmonious, because all the deputies’ goal or purpose are the same.
However in the west the political parties, especially the big parties, such as the Republican and democratic parties in the United States, directly affect and even control the election of parliamentarian. There is a lack of broad representation in Parliament. All political parties are representatives of specific classes and interest groups. Inevitably, they must safeguard their interests in parliament, ignore, exclude or even damage the interests of other classes and interest groups. This makes the parliamentary discussion and adoption of the bill or proposals always accompanied by arguments, quarrels and even opposition. The core of the debate is not the right or wrong of the bill or proposals itself, but the advantage or disadvantage to the different parties.
Third the nature of NPC is not only the state law make authority but also the supreme authority of the State, it has more functions and power
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than west law making bodies. The three powers are widely separated in western countries, and parliament is the highest legislature and normally only govern the law making. For example, the NPC has the power of select the President and Vice-President. In addition, tn the governance of the country, it is also an important decision-making power. The medium and long term planning of national development, the situation of planning and implementation and the implementation of the budget, the major project involving the national economy and the people’s livelihood are also need to be examined and passed through NPC.
In recent years, we can see in China the key fields of legislation have been fruitful. The general principles of civil law formulated, not only establishes the general principle of traditional civil activities, such as equality, voluntariness, fairness, integrity, promote the spirit of contract, the maintenance of public order and good morals, and puts forward new requirements with new principles and economic and social development, such as saving resources and protecting the ecological environment. The pace of legislation in the field of people’s livelihood is accelerating. A number of laws have been formulated or revised in the fields of food and drug safety, environmental protection, and the protection of citizens’ personal rights, legislation is now protects more about people’s happy life. The formulation of laws such as the national security law, the anti-terrorism law and the network security law provides a solid legal basis for safeguarding national security and interests, safeguarding the rights and interests of our citizens and enterprises, protecting network security and information safety of citizens. In recent years, constantly improve the legislative system of mechanism of the legislature, the NPC to play a leading role in the legislation, legislation to ensure fairness, prevent departmental interests legalization; give the local legislative districts of the city, promote local conditions to solve the special problems of local legislation by means of legislation; orderly pathways involved in widening citizens, make the legislation to better reflect the wishes of the people. To provide a strong guarantee for improving the quality of legislation.
Besides the above mentioned proposals suggested by the internet industries CEOs, I am also interested the motion of deputy Dong Mingzhu, the chairman of Zhuhai GREE Group Co., Ltd. on increase the minimum individual income tax threshold. At present, the Chinese minimum individual income tax threshold is RMB 3500, which was set in 2011, Dong’s motion this year is increase the minimum individual income tax threshold to RMB 10000. She brought the motion to NPC in 2015 too and suggest RMB 5000 then. According to the actual income and expenditure of the residents, the last adjustment of raising Chinese minimum individual income tax threshold to 3500 in 2011 the per capita GDP in that year in China was 35 thousand yuan. 6 years later, China’s per capita GDP has reached nearly 60 thousand yuan in 2017. I think this motion will definitely arise attention.