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The Wednesday meeting approved a series of fiscal, tax and financial incentives. The volume of re-lending and rediscount for small and micro businesses, and for rural areas, agriculture and farmers will be raised. The re-lending interest rate for small and micro businesses will be lowered. Evaluation for financial institutions will be improved to make sure that businesses with a credit quota of 10 million yuan (1.55 million U.S. dollars) and below shall enjoy faster loan growth than other types of credit recipients.

After the talks, they jointly witnessed the signing of documents concerning bilateral cooperation.

The document says that priority shall go to ecological protection while the new area is pursuing green development.

All enterprises will see the tax deduction for employee training costs raised from the current 2.5 percent to 8 percent, the same rate as high-tech companies enjoy. These three measures are effective from Jan. 1 this year.

They also pledged all-out efforts to support and coordinate with South Africa in the preparations for the 10th BRICS summit to ensure its success.