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China would like to seize the opportunity brought by the 25th anniversary of bilateral diplomatic relations to review the experiences and lessons of the past quarter-century and put the relationship back on the right track of healthy and stable development, Xi said.

China will further VAT reform in 2019 to ensure tax will only be cut rather than increased, the Minister of Finance said. The total taxes and fees to be cut this year may exceed the governmental target of 2 trillion yuan, according to minister Liu Kun.

China will increase efforts protecting intellectual property rights and consider these rights a cornerstone of economic development, innovation and international trade, according to Shen.

China will host the 2022 Winter Olympics, and the theme of the sculpture will reflect that, Zhang said.

China will likely intensify monetary easing and adopt more pro-growth measures to stabilize growth and prevent a dramatic economic slowdown as policymakers have sent strong loosening signals at several key meetings, analysts said.