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Focuses of fiscal reform include budget management, improving the taxation system and a mechanism for matching administrative power of government with financial resources, he said.

BEIJING, April 11 (Xinhua) -- Chinese President Xi Jinping met with visiting Australian Prime Minister Tony Abbott Friday afternoon at the Great Hall of the People in downtown Beijing.

On bilateral relations and Abbott's recent visit to China, Li said he hoped that the two sides would strengthen cooperation to ensure the success of the Economic Leaders' Meeting of the Asia-Pacific Economic Cooperation and the Group of 20 Leaders' Meeting, hosted respectively by China and Australia this year.

BEIJING, March 5 (Xinhua) -- The 12th National People's Congress (NPC), China's parliamentary body, opened its second annual session Wednesday morning at the Great Hall of the People in Beijing.

Six Chinese authorities issued a circular in 2012 on the program, stating that part of the funds collected in the current basic medicare insurance schemes for urban and rural residents could be used to purchase commercial medical insurance, so that a greater proportion of the medical fees of people with serious diseases will be covered.