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Tariff cuts introduced to date will help reduce corporate and consumer tax burdens by nearly 60 billion yuan (about 8.7 billion U.S. dollars) and lower China's overall tariff rate from 9.8 percent last year to 7.5 percent.
Of the world's 44 least developed countries, more than 30 will be present at the event.
Noting that the cybersecurity industry has become part of China's strategic emerging industries, Liu also said that the country will move faster to develop the sector.
Han arrived in Singapore on Wednesday for a three-day visit. He will co-chair the 14th China-Singapore JCBC Meeting and other bilateral high-level cooperative meetings with Teo on Thursday and is scheduled to meet Singaporean President Halimah Yacob and Prime Minister Lee Hsien Loong respectively during his stay.
Noting that trade is mutually beneficial and win-win in essence instead of a zero-sum game, the delegates said countries on the two continents are willing to push forward relevant free trade arrangements, which will help resist protectionism, reduce trade barriers, promote sustainable trade and economic growth, and jointly safeguard regional development, prosperity, security and stability.
来源：资阳报