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We will promote in a coordinated way reforms in the fiscal, taxation, finance, investment and other key areas. We have put in place a nation-wide reform to replace business tax with value-added tax. This major effort to cut taxes and lower the tax burden will facilitate the innovative development of modern service industry, SMEs and micro businesses. We will deepen the reform of the financial system, accelerate the improvement of the modern financial regulatory regime and increase the efficiency of financial services in supporting the real economy. We will also intensify reforms in SOEs, rural areas, investment and financing, foster a social credit system and unleash even greater vitality for economic development. The private sector is an important force driving economic development. We will do more to remove obstacles for private businesses, lift unreasonable restrictions on market access and strive to stimulate private investment.
In 2015, bilateral relations were difficult, and the trade between China and other Asian countries as well as between China and countries of the Association of Southeast Asian Nations went down by 7.8 percent and 1.7 percent respectively. However, the China-Philippines trade hit a record high of 45.65 billion U.S. dollars, up 2.7 percent from a year ago.
Zheenbekov expressed his appreciation for this and voiced condolences for those affected by the tornado and hailstorm in eastern China's Jiangsu Province last week.
It is also important to raise the scientific literacy of the whole of society to release the creativity of 1.3 billion Chinese, Xi said.
Xi is in Serbia for a state visit to carry forward the two countries' traditional friendship and step up their economic cooperation. It is the first visit by a Chinese head of state to Serbia in 32 years.
来源：资阳报