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A pilot VAT scheme was tested in 2012 and gradually expanded. This year, China will replace business tax with VAT in the remaining four industries -- finance, construction, property and consumer services, the Ministry of Finance said in December.

PRIORITY FOR FISCAL SUPPORT

This will be the first time the SCO prime ministers' meeting has been hosted by a second-tier Chinese city. Previously, it was held in countries' capitals or otherwise renowned cities.

Meanwhile, when meeting with the head of the Cooperation Council for the Arab States of the Gulf (GCC), Xi said that China is willing to carry out comprehensive energy cooperation with the GCC countries and be a long-term, stable and reliable energy market for the six-member bloc.

According to the Civil Aviation Administration of China, the cargo and mail throughput of Zhengzhou airport reached 370,000 tonnes last year, ranking eighth in the country. The airport currently has more than 25 international air freight routes, linking Zhengzhou with the rest of Asia, Europe, the United States and Australia.