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In contrast to merchandise trade, trade in services refers to the sale and delivery of intangible products such as transportation, tourism, telecommunications, construction, advertising, computing and accounting.

In the first eight months, tax and fee cuts exceeded 1.5 trillion yuan (about 212.03 billion U.S. dollars), further easing the burden on enterprises, increasing incomes and employment, and effectively stimulating market vitality, according to the meeting. It estimated that the total tax and fee cuts will surpass 2 trillion yuan by the end of this year.

Extending congratulations on the success of the expo and gratitude toward the people who supported and attended the event, Li said in his speech that the horticultural expo, themed "Live Green, Live Better," was a great gathering for mutual learning among different civilizations, sharing new green technologies and experiencing the richness of nature.

After the meeting, the two leaders witnessed the exchange of several bilateral cooperation documents in such areas as connectivity, economy and trade, investment and border management.

BEIJING, Nov. 20 (Xinhua) -- Chinese President Xi Jinping has sent a message to Project Hope as the public welfare program marks its 30th anniversary this year.