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"We wish and support the two sides to implement the consensus reached by the two leaders, promote follow-up consultations, further consolidate and expand the achievements, and make the political settlement of the peninsula issue a sustainable and irreversible process," it said.

During the presidency, China has strengthened mutual trust, expanded cooperation, and elevated the organization.

The upcoming meeting has attracted great attention from the two countries and the international community, Chinese Vice Foreign Minister Kong Xuanyou said at a press briefing.

This year marks the 45th anniversary of the establishment of diplomatic relations between China and Spain as well as the 13th anniversary of their comprehensive strategic partnership.

In his Government Work Report delivered in March this year, Premier Li said that the government will further lighten the corporate tax burden. Far greater numbers of small low-profit businesses will see their income tax halved and the ceilings on deductible business purchases of instruments and equipment will be significantly raised. The pilot preferential tax policies for venture capital investment and angel investment will be extended nationwide, he said.