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To make headway in VAT reform, it is necessary to motivate market entities, the statement said. The government may face some losses in fiscal revenue in the short term, but this will be balanced by future growth, the statement added.
Araby added that China can play "an important role" in the different issues of the restive Middle East region that is suffering chaotic conditions in Syria, Libya, Iraq and Yemen and has recently seen a growing tension between the two regional rivals Saudi Arabia and Iran.
It will promote the Belt and Road regional trade and infrastructure network, working for mutually beneficial cooperation with other countries, said Wang.
The joint private-sector research on the bilateral FTA had run from 2005 to November 2006, followed by the joint public-private sector research until May 2010.
China spent a record 1 trillion yuan (about 162.4 billion dollars) on research and development in 2012, of which 74 percent came from companies, official data showed.
来源：资阳报