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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.

The food safety situation is generally good, but problems in some sectors and places are prominent, Wang said.

-- In today's world of multi-polarizing and power-reshuffling, the handling of China-U.S. relations will go beyond various existing theoretical frameworks of international relations, and even break the general pattern of the distribution and transfer of power.

Wang Yang and Yang Jing attended the meeting. Principal and competent officials of Jiangsu, Zhejiang, Anhui, Jiangxi, Henan, Hubei, Hunan and Sichuan Provinces, heads of the relevant departments of the State Council, Water Conservancy Commissions of the Yangtze River, Yellow River and Huaihe River and the Taihu Basin Authority, and relevant heads of the PLA and armed police forces participated in the meeting.

TASHKENT, June 23 (Xinhua) -- China, Russia and Mongolia inked a development plan here on Thursday to build an economic corridor linking the three neighbors, pledging to boost transportation connectivity and economic cooperation in border regions.