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BEIJING, Oct. 8 (Xinhua) -- The Chinese government on Saturday decided to streamline administrative approval, delegate more power to lower government levels and loosen rules on foreign investment in an attempt to revive the economy.

"China attaches great importance to developing relations with Thailand and values the friendship with the Thai royal family. China believes that Sino-Thai friendship will be passed down from generation to generation."

Representatives from SOEs such as the Industrial and Commercial Bank of China and China Aerospace Science and Technology Corporation also gave speeches at the meeting.

With similar development goals, both sides enjoy huge cooperation potential in such areas as trade, investment, agriculture, energy and infrastructure, Hamid said.

The central government fully recognizes the SAR government's work and hopes the SAR administration will overcome difficulties and continue to take initiative to realize good management, construction and development of the region while uniting Macao's people, said Li.