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Rather than adopting strong stimulus policies that would have an economy-wide impact, we continued to move forward with structural reform. We intensified reform to streamline administration, delegate more powers, improve regulation, and provide better services. We delegated the power or cancelled the requirement for government review for 311 items, cancelled the requirement for verification or approval for 123 professional qualifications, and put a complete stop to the practice of non-administrative review. The number of items which require government approval for new businesses prior to registration was cut by 85%, and the system of a separate business license, organization code certificate, and taxation registration certificate was replaced by a unified business license with a unified social credit code. Both operational and post-operational oversight over businesses were strengthened, and public service procedures were improved. Government-related procedures for individuals and businesses were made much simpler, such that enthusiasm for stepping out into business and making innovations is rising by the day.

The country will advance the implementation of domestic regional coordinated development strategies and of the Belt and Road Initiative.

On the sidelines of the annual legislative session, Foreign Minister Wang Yi met the press on Tuesday and talked about matters ranging from the South China Sea to the Korean Peninsula.

"Our initiatives in legislation led to a number of important achievements that have supported and promoted the country's reform and development and ensured its stability," Zhang added.