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China announced tax cuts worth 60 billion yuan (.4 billion) for innovative, small businesses in April. The move follows a 400 billion yuan tax cut package for 2018, which was decided at a State Council executive meeting in March.

China encouraged its own businesses to invest in Trinidad and Tobago on the basis of respecting market rules, Li said. China is willing to help the country within its capacity to develop its economy and improve people's livelihood.

China has begun to provide navigation services to some ASEAN countries, and it will promote the economic and social development of ASEAN countries, especially in the fields of modern agriculture, digitalization and intelligent ports, said Ran Chengqi, director of the China Satellite Navigation Office.

China has been Vietnam's largest source of foreign tourists in many years, he said, and the two countries will work to boost people-to-people exchanges and communications through the Chinese president's visit.

China cut the one-year interest rate on re-lending funds that aim to help agribusiness and small businesses by 0.25 percentage point to 2.5 percent. After getting the re-lending funds at a favorable rate, small commercial lenders will issue loans to small businesses at a rate of no more than 4.55 percent. The spread between the two interest rates is 205 basis points.