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The Russian government welcomes Chinese businesses to invest in the country and is willing to continue to offer favorable conditions to strengthen sub-national cooperation between the two countries, he said.

China is implementing its innovation-driven development strategy, with a boom of new growth drivers now contributing to some two thirds of the newly created employment, the Chinese premier said.

Corporate income tax and value-added tax on foreign institutions' interest gains from onshore bond market investments will be exempted for three years as an effort for greater opening up and further attract overseas capital, the meeting decided. Export rebate rates for some products will also be improved.

UNITED NATIONS, Sept. 24 (Xinhua) -- Chinese Foreign Minister Wang Yi and his British counterpart Jeremy Hunt on Monday vowed to defend the current international system and multilateralism amid a slew of challenges.

Xi said the regional countries should actively align their development strategies, strengthen policy communication and coordination, improve cross-border infrastructure connectivity, promote trade and investment liberalization and facilitation, jointly build an open regional economy, and boost sub-regional cooperation to benefit the people in the region.