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Liu also called for improved integration of Party-building with the effort of advancing economic and social development.

Fiscal, tax, financial, and other key reforms were deepened. The central government cut, by one third, the number of items for which special transfer payments are permitted, while scaling up its general transfer payments. Steady progress was made in replacing business tax with VAT. Ad valorem taxation was extended to cover more types of resource taxes. The upper limit of the floating band on deposit rates was removed, the deposit insurance system was introduced, and the RMB cross-border payment system was established. Pricing reform was intensified, with the number of central government set prices reduced by 80% and the number of local government set prices cut by more than 50%. We carried out state-owned enterprise (SOE) reforms, rural reforms, and investment and financing reforms, ecological management reforms, and others. Efforts to intensify reform in all respects are beginning to deliver results.

The leaders will also attend the opening ceremony of the annual conference of the Boao Forum for Asia scheduled on Thursday morning. Li will deliver a keynote speech at the ceremony.

The Chinese mainland has 30 operational nuclear power generating units, with a total installed capacity of 28.31 GW. It also has 24 units with a total installed capacity of 26.72 GW under construction, ranking first in the world.

This decision was "a bit of a strategic choice" made by the Chinese government, said David Dollar, a senior fellow with the Brookings Institution and a former official of the World Bank and the U.S. Treasury Department.