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We have made solid progress in key reforms. We formulated and implemented a coordinated plan for deepening the reform of the fiscal and tax systems. Important progress was made in the reform of the budgetary management and tax systems. The number of items receiving special transfer payments was over one third less than that of the previous year, and the proportion of transfer payments for general purposes was increased. Management of local government debt was strengthened. The floating ranges of interest rates on deposits and exchange rates were expanded. New steps were taken in the trials to establish private banks. The Shanghai-Hong Kong Stock Connect was launched on a trial basis. The scope for using foreign exchange reserves and insurance funds was broadened. Price reforms in energy, transport, environmental protection, and communications were accelerated. We launched reforms to the system for managing research and development funding, the school examination and enrollment systems, the household registration system, and the pension system for employees of Party and government offices and public institutions.

"I am pleased to attend this hand-over ceremony today," Zhang said, describing it as a typical cooperation between China, UN agencies and the government of Liberia.

Political advisors also put forwards about 1,400 proposals on the sustainable economic development and environmental protection, mostly on improving energy efficiency, cutting redundant productivity, developing eco-friendly vehicles and smoothing the transfer of use rights of farm land.

"Especially for Sri Lanka, which is in the post-war reconstruction, it needs to develop rapidly by being incorporated in a regional economic system," said the expert of the Sri Lankan government think tank.

However, AmCham South China member companies, which collectively account for nearly 40 percent of all U.S.-China business, trade and investment, plan to reinvest profits of more than 12 billion U.S. dollars this year.