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To further alleviate burdens of enterprises, business tax will be replaced with value-added tax in all industries before May this year, which is expected to result in tax savings of over 500 billion yuan (77.37 billion U.S. dollars).

Chinese senior leaders have paid several official visits to Africa since the current leadership took office in late 2012, bringing achievements in bilateral ties.

"Citizens' scientific quality is the foundation on which to build the strategy of innovation-driven development," said the plan publicized Monday.

Since 2013, China has rolled out reform measures of uNPRecedented amount and strength. Now it is a pressing job to implement these reforms, according to a statement released after the meeting.

Third, we made steady progress in the reform of the fiscal system. We improved the mechanism for sharing the cost of export tax rebates between the central and local governments. We studied and moved ahead reform of the division of administrative authority and spending responsibilities between the central and local governments. As the tax reform progressed, we worked promptly to draw up a transitional plan for adjusting the division of revenue between the central and local governments.