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China stands ready to work with the Pacific island countries in jointly building the Belt and Road, sharing development experience to improve their capacity for sustainable development and boosting trade and investment exchanges, Hu said.

China reduced taxes and fees by 1.3 trillion yuan (7.8 billion) in 2018 and plans to cut taxes and fees by 2 trillion yuan this year.

China regards other developing countries as trustworthy partners in its peaceful development. In its relations with other developing countries, China will continue to follow the approach of upholding justice while pursuing shared interests and the principles of sincerity, real results, affinity and good faith. China will work to upgrade cooperation with them and cement our good relations featuring solidarity, mutual trust, common development and affinity.

China will build a domestic travel circle to limit commutes within cities to one hour and travel times to neighboring cities and major cities nationwide to two hours and three hours, respectively.

China is willing to continue to play a positive role in resolving the current Palestinian-Israeli conflict, Wang said.