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BEIJING, Dec. 24 (Xinhua) -- China will intensify its support for the development of the private sector, and small and medium-sized enterprises (SMEs) to boost the vitality of market entities and enhance their confidence, an executive meeting of the State Council, China's cabinet, decided on Monday. The meeting was chaired by Premier Li Keqiang.

An amount of up to 2,000 yuan every month will be deducted from an only-child taxpayer's taxable income for his or her parent who is over 60. Those who have siblings can share the 2,000-yuan deduction quota.

The 2018-2035 master plan for Xiongan New Area is significant to build Xiongan into the national model of high-quality development and a new engine for the modern economic system, said the approval released on Wednesday.

Under the new situation, China and Iran should further deepen strategic mutual trust and continue to extend mutual understanding and support on issues involving each other's core interests and major concerns, said Xi.

He suggested that the three countries should firmly safeguard the international system with the United Nations (UN) as the core, and adhere to the principle of non-interference in internal affairs and deepen counter-terrorism and security cooperation.