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China is willing to work with other Asia-Pacific economies to create and share the region's peaceful, prosperous and bright future, and march toward the target of building a community with a shared future for mankind.

China reduced taxes and fees by 2.36 trillion yuan in 2019, beyond the annual target of 2 trillion yuan, with manufacturing and micro and small businesses being the major beneficiaries. This year, the target is to make further tax and fee cuts of about 500 billion yuan, according to the Government Work Report for 2020.

China saw foreign direct investment inflows edge up 2.9 percent year-on-year to 636.7 billion yuan (.67 billion) in the first nine months of this year, while companies from Japan, South Korea and the United Kingdom remained the main investors in China's high-end manufacturing and service sectors, data from the Ministry of Commerce showed.

China pledged to implement the proactive fiscal policy in 2018. Improving economic momentum and rising fiscal revenue have provided more room for policy makers to maneuver.

China plans to offer financial support to build soccer fields in certain pilot cities as the authorities push ahead with reforms aimed at making the country a soccer power.