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-- We should enhance economic cooperation for the benefit of our people. More than 30 years of reform and opening-up has sharpened China's competitive edge in terms of capital, technology and equipment, especially in railway and nuclear plant construction. Situated in the heartland of Europe, the Czech Republic enjoys advantageous location, strong industrial foundation and unique strengths in machining, automobile manufacturing and aero-industry. China hopes to cooperate with the Czech side to carry out industrial capacity cooperation in the manufacturing sector, and on that basis, expand practical cooperation in such areas as finance, telecommunications, smart industry, nano technology and environmental protection, to deliver greater fruits of this mutually beneficial cooperation to our two peoples.

Tax rebates and transfer payments to local governments from the central government came to 5.5181 trillion yuan, which is 98.7% of the budgeted figure and an increase of 6.7%. This includes 508.198 billion yuan in tax rebates, the same as in 2014; 2.84754 trillion yuan in general transfer payments, up 6.8%; and 2.162362 trillion yuan in special transfer payments, an increase of 8.4%, which was mainly due to the addition of one-time investments from central government reserve funds during budget execution.

Premier Li said China was pursuing green development as part of its economic transition, and is encouraging the development of vehicles powered by new types of energy. He said he would like to see Japanese companies, especially Toyota, boost cooperation with Chinese car companies on new energy vehicles.

China will increase deficit-to-GDP ratio to 3 percent this year from 2.3 percent last year, and cut taxes across the board, Premier Li Keqiang said Saturday at the annual parliamentary session.

Proactive fiscal policy has been made more targeted and effective.