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China also introduced other measures to maintain fiscal revenue growth of local governments and offset the impact of the tax and fee reduction. For instance, it plans to transfer the majority of dividends from State-owned enterprises to local governments. Dividend collections from State-owned enterprises, which are part of the government's nontax revenue, have increased fourfold in the first half this year, according to the Ministry of Finance.
China National Petroleum Corp has vowed to further devote itself to poverty relief by selling agricultural products from poverty-stricken areas, taking advantage of its more than 22,000 gas stations and some 20,000 uSmile convenience stores nationwide.
China aims to eradicate absolute poverty by 2020.
China always insists on developing friendly relations with other countries on the basis of the Five Principles of Peaceful Coexistence, Geng said at a daily news briefing.
China National Cereals, Oils and Foodstuffs Corp (COFCO), the country's biggest food supplier by volume, plans to increase the proportion of State-owned capital involved in agriculture, grain and oil businesses to 80 percent by 2020.
来源：资阳报