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BEIJING, March 16 (Xinhua) -- The National People's Congress (NPC), China's legislature, concluded its annual session Wednesday morning.
Momentum was created for reform and development through opening up. We worked hard to keep foreign trade stable by adjusting the mechanism for sharing the cost of export tax rebates between the central and local governments, overhauling and regulating charges for imports and exports, increasing trade facilitation, and making changes to the export mix. The number of restrictions on overseas investment in China was cut by 50%, and over 95% of overseas-funded projects may now be undertaken on a simple reporting basis. China utilized US6.3 billion of overseas investment, an increase of 5.6%. Non-financial outward foreign direct investment reached 8 billion, up 14.7%. Pilot free trade zones were established in Guangdong, Tianjin, and Fujian based on the model of the China (Shanghai) Pilot Free Trade Zone. The RMB was included in the IMF's Special Drawing Rights basket. The Asian Infrastructure Investment Bank was officially inaugurated, and the Silk Road Fund opened for business. China signed free trade agreements with the Republic of Korea and Australia, respectively,and signed the Protocol to Amend the Framework Agreement on Comprehensive Economic Cooperation between China and ASEAN. Progress was made in the Silk Road Economic Belt and 21st Century Maritime Silk Road Initiative (the Belt and Road Initiative), the pace of our industrial-capacity cooperation with other countries was stepped up, and breakthroughs were made in China's export of high-speed railway and nuclear power equipment.

He said the country made impressive achievements in its development in the 12th Five-Year Plan period, defying a "complicated international environment" and "challenging tasks of carrying out reform and development and maintaining stability at home."
"The government work report doesn't have a lot of specific details, so we have to see how comprehensive these plans are in 2016, but those are moving in a very good direction," he said.
A separate report presented at Thursday's meeting showed about one third of over 6,000 proposals submitted by political advisors in 2015 centered on economic issues.
来源:资阳报