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China unveiled growth targets and reform measures for 2019 on Tuesday — the 70th anniversary of the founding of the People's Republic of China and a "crucial year" in the country's endeavor to build a moderately prosperous society in all respects by 2020.

China will celebrate the 40th anniversary of the reform and opening up through deepening reform in a comprehensive manner, Xi said.

China welcomes Cuba participating in construction of the Belt and Road, Xi said, adding the two sides should move forward key cooperation projects in such fields as trade and economics, energy, agriculture, tourism and biopharmaceuticals.

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 will also set up the world's largest database of financial credit information and it will be a key component of the national social credit system. The government will allow market-based credit information service institutions to collect business and personal credit information, and such collection will not be restricted to bank lending data, said Chen.