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BEIJING, May 24 (Xinhua) -- Chinese Premier Li Keqiang on Friday stressed tax cuts and fee reductions to stimulate market vitality, ensure employment and achieve a steady and healthy economic development.

Building a prosperous Asia is a shared aspiration of Asian countries, and development is the key to all problems, Xi said, adding that CICA members should work together to promote trade and investment liberalization and facilitation, implement the consensus reached at the second Belt and Road Forum for International Cooperation in April, strengthen the synergy of their development strategies, boost comprehensive connectivity and promote high-quality economic development in all countries.

This year, relevant investment under the central budget will be used entirely for power grid upgrading in poor areas and the proportion of central funding will be raised. Rural power supply monitoring and evaluation systems will be set up and power connection for pumping wells will be included in daily services provided by power grid companies, so as to deliver better power services in rural areas.

He said U.S.-triggered economic and trade friction had cast varying impact on the global economy, including Chinese economy, and on global industrial chain, including overseas-funded companies operating in China.

For many European companies, the stable and resilient economic growth in this key market is recognized as a significant drive for businesses, which is reflected in their recent annual or quarterly reports.