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As cities across the U.S. fall all over themselves to pitch themselves as the best destination for Amazon’s second headquarters, sounds like they don’t need to waste their time lobbying Amazon Web Services chief Andy Jassy.

As a major source of cultivating new growth drivers, SMEs have played an important role in promoting economic growth, increasing jobs and stimulating innovation, says the white paper released by authorities including the People's Bank of China and the China Banking and Insurance Regulatory Commission.

As a trailblazing example of institutional innovation needed at the Hainan free trade port, the new tax plan is key to cultivating a business environment for the country's high-level opening-up, said Li Xuhong, a professor at the Beijing National Accounting Institute.

As for questions about China's market access, China's reform and opening-up as well as structural adjustment of its economy, Wang stressed that China will firmly deepen reforms and expand opening-up to the outside world.

As central SOEs took proactive measures to tackle complicated economic situations both at home and abroad by expanding global market channels and adding expenditure on research and development, their net profit jumped 8.6 percent year-on-year to 703.77 billion yuan (2 billion) in the first half of this year, data from the SASAC show.