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China's recent tax reduction move will boost the growth of small and micro-businesses and encourage stronger technological innovation.[Photo/VCG]

China's year-on-year GDP growth reached 6.9 percent last year, which beat general market expectations, according to data released by the National Bureau of Statistics on Thursday.

China-CEEC cooperation has seen enormous achievements, beyond expectations, in many areas, Li said. For example, the first three quarters has seen bilateral trade up by 14.1 percent. And over the past five years, Chinese investment in the region has doubled and the number of Chinese tourists to CEE nations has tripled to about 1 million.

China, Japan and the Republic of Korea also are working closely together to advance their free trade agreement talk. The three countries are close neighbors, and China would like to work with the other two countries to develop their own business cycles within a bigger picture, Li said at a press conference after the closing of the third session of the 13th National People's Congress.

China's proposal to explore third-party market cooperation can also generate decent financial returns for companies from areas such as services, project contracting, equipment and material supply in both developed and developing economies involved in the BRI, without causing a clash of interests, he said.