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He also noted that with more Chinese investment and tourists flowing into Egypt, it is even more tangible for a final realization of a trade balance between the two sides.

ASHGABAT, Aug. 26 (Xinhua) -- China and Turkmenistan are set to further expand practical cooperation as Chinese Vice Premier Zhang Gaoli arrived here Tuesday to give a fresh boost to bilateral relations.

Xi chaired three meetings on reform in the first half and a guideline at the end of July reformed the household registration (hukou) system which has divided the nation into rural and urban populations since the 1950s. Other reforms have occurred in banking, state-owned enterprises and fiscal systems and the government has been streamlining its relationship with the market by canceling or decentralizing administrative approval.

The FTA, when finalized, is expected to help the two countries improve mutual complementarity of markets and strengthen the foundation for regional economic integration.

The Chinese vice premier said the development of China-Russia relations has injected fresh impetus to their financial cooperation.