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This year is of special commemorative significance, as it marks the 55th anniversary of China-France diplomatic ties, the 100th anniversary of the Chinese Work-study Movement in France, and also the 70th anniversary of the founding of the People's Republic of China, Xi said.

Among the key sectors of the Italian economy that will benefit from the BRI, he added, are those "related to high technology and high specialization, in which we are a leader," as well as "the infrastructure sector and its supply chain, which are other priorities for us."

Wang led officials from departments of the State Council Friday to arrive at the explosion site in a chemical industrial park in Xiangshui County in the city of Yancheng, to guide the rescue and emergency response work, visit family members of the victims and the injured people, and express regards to the rescue teams.

"Governments at all levels must take improving the business climate as a key measure for stimulating market dynamism. Just as the tax and fee cuts are designed to lessen corporate burdens, improving the business climate is meant to serve the same purpose. In face of fierce international competition, we must tackle all the areas of weakness in our business environment, such as access to credit as well as bankruptcy filing," Li said.

BEIJING, March 16 (Xinhua) -- China Saturday announced specific rules concerning tax exemption to reduce the amount of individual income tax (IIT) paid on incomes earned overseas.