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While enhancing the coordination of macroeconomic policies, China will introduce a negative list for market entry, establish an evaluation system and cut taxes and costs to improve the business environment for private businesses, Ning added.
For their part, Arroyo and Sotto, while applauding the upgrade of the bilateral ties, both expressed their willingness to step up exchanges with Chinese legislative bodies and deepen practical cooperation in all fields, for the benefits of the two peoples and the building of a community with a shared future for humanity.
China and the Philippines, according to the document, recognized that the bilateral relations have achieved a positive turnaround and a sound momentum of development through the joint efforts and mutual trust of both sides.
The consensus was reached during the first meeting of 'Mechanism for Facilitation on the Implementation of China-Nepal Cooperation Programs and Projects in Nepal' held at the Ministry of Foreign Affairs in Kathmandu, the ministry said in a press statement.
Li said innovation is vital for a country's future and destiny, and China should amplify its strengths in human resources and domestic market to advance its technological innovation and facilitate high-quality development as the country is going through economic transformation and upgrading.
来源：资阳报