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Echoing Xi's comments on France-China ties, Hollande voiced appreciation for Xi's attendance at the opening ceremony of the Paris climate conference and China's outstanding contribution to the conclusion of the Paris agreement on climate change.

"VAT reform is an important part of China's fiscal and tax reform. Pilot VAT reform has achieved positive results and expanding it across all industries will reduce tax burdens on enterprises, boost the upgrade of industry and stimulate consumption," according to a statement issued on Monday following a symposium chaired by Premier Li on Friday.

According to the regulation, Party management refers to guidance and supervision over political affairs, officials' ideologies and organizational activities, with a focus on decision-making and the implementation of various policies.

According to Seoul's estimates, South Korean manufacturers are forecast to see exports to China grow 1.35 billion U.S. dollars thanks to the implemented FTA within a year.

Yang said the Taiwan issue concerns China's sovereignty, territorial integrity and its core interests, and China will resolutely oppose any foreign government's arms sale to Taiwan.