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BEIJING, Feb. 24 (Xinhua) -- China's top legislature decided to prolong a mandate, which allows the State Council to prepare for reforms that will change the stock listing system from approval-based to registration-based, for another two years to Feb. 29, 2020.

Providing better public services and protecting public interests are other key topics concerning the country's political and legal officials.

Japan is also willing to actively safeguard multilateral trade system as it believes that trade protectionism will benefit none, and will enhance cooperation with China under the framework of World Trade Organization (WTO), he added.

The Chinese state councilor urged the alignment of China's Belt and Road Initiative with Vietnam's "Two Corridors and One Economic Circle" plan, advance pragmatic cooperation in various fields, especially in infrastructure, industrial capacity and cross-border cooperation zone.

Amid the drive to restructure and optimize industry, the country aims to reduce overcapacity in traditional sectors such as coal, iron, and steel while facilitating growth in emerging areas.