The launch ceremony of the Portuguese edition of Chinese President Xi Jinping's book on poverty relief, "Up and Out of Poverty", and a seminar on the governance of China and Brazil were held in Rio de Janeiro on Tuesday.
Nearly 300 guests from China and Brazil attended the event. They noted that strengthening exchanges between the two countries on poverty alleviation and governance, while jointly exploring modernization paths suited to their respective national conditions, holds positive significance for the two countries as they embark on the next "golden 50 Years" of bilateral relations.
During the launch ceremony, the guests from both countries jointly unveiled the book and exchanged views on their countries' governance experience.
The book, which outlines Xi's perspectives on poverty eradication, local governance, reform, and development, introduces ideas related to Chinese modernization and emphasizes people-centered values, the internal driving force for reform and innovation, the independent path chosen by China, and the common values of win-win cooperation for humanity, said the organizers.
They added that the book is expected to provide new spiritual and practical inspiration that will foster exchanges and cooperation between China and Brazil in various fields, including poverty reduction and modernization efforts.
Titled "Up and Out of Poverty," the book is comprised of Xi's speeches and articles, as well as photos, from 1988 to 1990, when he was the Party chief of Ningde City in east China's Fujian Province. The book has now been published in nine foreign languages globally with Portuguese being the latest edition.
Portuguese edition of Xi's book 'Up and Out of Poverty' released in Brazil
China will conduct a more proactive fiscal policy next year, focusing on areas such as people's livelihood, consumption, employment, education and elderly care, according to Chinese finance minister Lan Fo'an, speaking during a two-day national fiscal work conference which ended in Beijing on Tuesday.
More proactive policies will include raising the fiscal deficit ratio, stepping up spending and accelerating the disbursement of funds.
Larger-scale government bonds will also be issued to provide more support for stabilizing growth and optimizing the country's economic structure.
"We will work to increase people's income via multiple channels and raise the financial subsidies for urban and rural residents' health insurance. Efforts will also be made to support the trade-ins of consumer goods, promote service consumption, and, in particular, vigorously develop cultural and tourism consumption," Lan said at the meeting.
New fiscal policies will also focus on optimizing the structure of government spending, ensuring that funds are directed more precisely towards improving livelihoods, stimulating consumption and bolstering future economic strength.
It is expected that government funds will be disbursed earlier, faster and in larger amounts in the coming year.
The issuance of ultra-long-term special government bonds will open up another investment channel for institutional and private investors and allow the government to use the funds raised to boost investments in economic development and social welfare.
The rise in the fiscal deficit ratio is also aimed at meeting basic living needs and promoting development.
Fiscal investment in the coming year will also prioritize areas such as employment, education and elderly care.
One focus will be improving the elderly care service network in counties, towns and villages, as well as boosting systems for providing care for disadvantaged and disabled elderly people.
China outlines key targets for fiscal investment in 2025
