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Special consultative meeting revolving around issues, such as reform of the government's review and approval system and judicial structural reform, were held, while suggestions on a number of draft legislation and regulations, including the environmental protection tax law and the marine environmental protection law, were offered, Yu noted.
Xi offered a standard definition of new type of government-business relations with sincerity and honesty. Sincerity means that government officials must keep magnanimous exchanges with private enterprises to help them solve practical problems.
Cai said Xinhua and The AP have already made numerous explorations in digital migration for media groups, adding that Xinhua values very much its cooperation and exchanges with The AP in the face of their common challenges from the Internet.
We will actively promote reforms of the fiscal and financial systems. For example, business tax will be replaced with VAT in all sectors, a major step of structural reform that will save businesses more than RMB500 billion in tax. This will not only help us form a consistent tax system and eliminate double taxation. More importantly, it will strongly boost the development of the service industry, especially high-end services, such as R&D, and support the transformation and upgrading of the manufacturing sector. Most enterprises will benefit from the tax reduction to varying degrees, and small and micro businesses will see their tax burden significantly lightened. In times of fiscal difficulties, the government is doing this to release more water to nourish the fish in the pond, i.e. to generate continued momentum of growth with a short-term drop in fiscal revenue. It is also indicative of the room for fiscal flexibility left at our disposal. Let me give you another example. For reforms in the financial sector, we can explore market-based approaches for debt-for-equity swap to help lower corporate leverage ratio.
While visiting the National Engineering Technology Research Center for LED on Si Substrate under Nanchang University, Xi stressed the key role of higher learning institutes in technological innovation and talent training.
来源：资阳报