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BEIJING, July 13 (Xinhua) -- China will advance the construction of 150 new major water conservancy projects, the National Development and Reform Commission (NDRC) said Monday.

The People's Bank of China (PBOC) said that, starting this week, it would use 400-billion-yuan (about 56.37 billion U.S. dollars) of a special re-lending quota to purchase 40 percent of inclusive loans to small and micro businesses, issued by local banks from March 1 to Dec. 31.

Xi stressed that he would like to maintain close communication with the two EU leaders, advance a series of major China-EU political agendas, and push bilateral relations to a new level.

With strict oversight and security protection in place, electronic business licenses will serve as a legal and valid identification. It can be used as a means of e-signature for online business registration, tax-related services, and opening bank accounts.

China and France should uphold multilateralism and promote world peace and stability, he added.