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Deepening reform of the healthcare system

In 2016, the global growth, the emerging market growth in particular, will depend on continued momentum in high income countries, the stabilization of commodity prices, and China's gradual transition toward a more consumption and services-based growth model, the bank noted.

Fiscal, tax, financial, and other key reforms were deepened. The central government cut, by one third, the number of items for which special transfer payments are permitted, while scaling up its general transfer payments. Steady progress was made in replacing business tax with VAT. Ad valorem taxation was extended to cover more types of resource taxes. The upper limit of the floating band on deposit rates was removed, the deposit insurance system was introduced, and the RMB cross-border payment system was established. Pricing reform was intensified, with the number of central government set prices reduced by 80% and the number of local government set prices cut by more than 50%. We carried out state-owned enterprise (SOE) reforms, rural reforms, and investment and financing reforms, ecological management reforms, and others. Efforts to intensify reform in all respects are beginning to deliver results.

He said the two sides should expand cooperation in product chain integration, oil and gas equipment-manufacturing, processing services,project construction and oil sales.

After visiting the Czech Republic, Xi will fly to Washington D.C. to attend the fourth Nuclear Security Summit, to be held from March 31 to April 1.