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China will continue to reduce taxes and fees, maintaining fiscal expenditure at a relatively high level to back the private sector and stabilize economic growth, Finance Minister Liu Kun wrote in an article published on Monday.

China suggests accelerating the start of feasibility studies for an SCO free trade zone for closer economic cooperation, he said, adding that China is willing to increase its imports of agriculture products of good quality from SCO member states.

China needs to continue its pivot toward domestic demand-driven growth. The country is improving its domestic demand system in an open environment, so dual circulation - domestic and international - should not be severed.

China will beef up efforts to protect and make use of industrial heritage in old industrial cities to facilitate urban renovation and explore a new path for their transformation and development, according to a notice published on June 9.

China is willing to enhance high-level guidance with the Italian side, respect each other's major concerns, jointly build the Belt and Road, explore cooperation with third parties, boost cultural exchanges and local-level cooperation, and strengthen popular support for bilateral relations, Xi said.