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China is aiming to establish a performance management system for budgets at various levels of government in the next three to five years to enable better budget management and policy implementation, according to a guideline published on Tuesday.

China has seen inbound foreign investment grow rapidly since 1978 when the country began implementing its reform and opening-up policy.

China is ready to work with Singapore to deepen financial cooperation. The scale of currency swaps betweenus has reached RMB300 billion (US billion). The two sides are positively considering renewingour currency swap agreement to encourage local currency settlement in investment and trade. Singapore is a major international financial center with mature regulatory models and rich financial resources. China supports dialogue and exchanges between our financial regulators and encouragesour financial institutionsto developbusiness cooperation in accordance with commercial rules. We can also explorethe setting-up of a comprehensive and all-dimensional financial support platform. The fintech agreement we just signed should be well implemented to promote the sound and orderlyfinancial cooperation in e-payment and other emerging areas.

China is ready to introduce more efforts toward reform and opening-up to achieve high-quality growth, and supply-side reforms will be further promoted in rural areas by nurturing new growth drivers, Premier Li Keqiang said on Sunday.

China is the largest single-country market for Airbus, representing about one-quarter of its global sales.