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BEIJING, Dec. 10 (Xinhua) -- China's cabinet has decided to exempt another 68 items from central government approval as part of its efforts to reduce intervention in the economy.

He said the three countries are both global powers and emerging economies. If they work together in furthering their cooperation, not only the people of the three countries but also the whole world will benefit from such cooperation, he said.

China's economic strength also contributes to its leading role in East Asian cooperation. Peter Drysdale, head of Australia's East Asia Forum, said almost all countries in the region looked forward to becoming a major trade partner of China.

The president also lauded military-to-military ties between the two sides, proposing the two militaries increase exchanges and boost cooperation to contribute to the bilateral relationship.

BEIJING, Sept. 12 (Xinhua) -- New catch phrase about China's economy such as "three major economic support zones" has become the talk of the town in the past week, as Chinese Premier Li Keqiang's attendance of the summer Davos Forum unveils a clearer roadmap of a new round of economic reform in the country.