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Deeper tax and fee cuts will be introduced. Financing services will be improved. The required reserve ratio cuts targeting inclusive finance will be refined. The re-lending policy targeting small firms will be expanded to qualified small and medium-sized banks and the new-type internet banking. Guideline will be issued to exempt liability for credit extended to small and micro-sized businesses under condition of due diligence.

Local governments at provincial levels can lift tax relief by 30 percent at most according to local conditions.

In the past few years, China's middle-income population has added up to nearly 400 million, and this year the number has gone beyond 400 million, which sets a foundation for the country's economic transformation, Ning added.

The sea-rail transport services at the port handled more than 600,000 standard containers in 2018, a year-on-year increase of over 50 percent.

Xi also noted that the two countries should work to increase the sense of well-being and happiness of the two peoples through cooperation, so as to cement and pass down the friendship between China and Vietnam.