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Beijing also wants to promote the industrialization in the Middle East. To achieve that end, China is going to hand out a number of loan programs, including a 15-billion exclusive loan, a 10-billion business lending, and 10 billion concessional loans so as to facilitate industrial capacity cooperation between China and the regional countries, according to the president.

In his meeting with Alaa Heidar, board chairman and editor in chief of MENA, Egypt official news agency, Cai said Xinhua values its cooperation with MENA, and hopes to further boost their partnership.

From 2012 to the first half of 2015, the measure has resulted in tax savings of over 484.8 billion yuan (75 billion U.S. dollars) for enterprises, accounting for 0.2 percent of GDP in the period, according to an earlier report by China International Capital Corp. Ltd. (CICC), the country's first joint venture investment bank.

The visits to Saudi Arabia, Egypt and Iran, the first foreign trip by Xi in 2016, has substantially boosted China's relations with the three countries and significantly contributed to peace and stability in the region, they believed.

Meanwhile, China also proposed many practical measures. The series of statements and measures is "very encouraging" and indicates that China is sincere and serious about its relations with Africa, said Zimbabwean Minister of Industry and Commerce Mike Bimha, adding that it also shows that "China wants to be a true friend of Africa."