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CAIRO, Jan. 21 (Xinhua) -- Visiting Chinese President Xi Jinping on Thursday prescribed his remedies to restore peace in the Middle East and promote development in the Arab world.

"The path leading to a political settlement may be difficult, but it is an effective tool to fundamentally resolve the problem," he said.

Li said that the world economy, which is in the middle of deep adjustments, remains in a complicated situation, weighed down by a weak recovery and rising uncertainties. An international consensus has emerged on the need to bolster growth, take forward restructuring and enhance cooperation.

From 2012 to the first half of 2015, the measure has resulted in tax savings of over 484.8 billion yuan (75 billion U.S. dollars) for enterprises, accounting for 0.2 percent of GDP in the period, according to an earlier report by China International Capital Corp. Ltd. (CICC), the country's first joint venture investment bank.

BEIJING, Dec. 13 (Xinhua) -- An upcoming prime ministers' meeting of the Shanghai Cooperation Organization (SCO) hosted by China will not only boost pragmatic cooperation within the bloc, but also promote economic integration in the region.