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China has adopted a more vigorous fiscal policy and accelerated local government bond issuance. Next year the country will speed up implementation of major projects according to the 13th Five-Year Plan (2016-20), use funds raised through local government debt and public-private partnerships for these projects as soon as possible and attract private investments in the projects.

China has achieved the largest tax cut so far through its value-added tax reform, with the total reduction rising by 60 percent in 2017 from a year earlier, according to data released by the State Administration of Taxation.

China firmly supports Tajikistan in holding the fifth summit of the CICA in June and promoting further development of cooperation within the framework of the mechanism, Wang said.

China cherishes its friendship with Morocco and is willing to continuously deepen strategic cooperation with the country and strengthen mutual understanding and support, Wang said.

China has lifted 700 million people out of poverty in the past 30 years. In the coming three years, another 40 million will be added to the list, meaning 20 people are lifted out of poverty each minute.