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We have made solid progress in key reforms. We formulated and implemented a coordinated plan for deepening the reform of the fiscal and tax systems. Important progress was made in the reform of the budgetary management and tax systems. The number of items receiving special transfer payments was over one third less than that of the previous year, and the proportion of transfer payments for general purposes was increased. Management of local government debt was strengthened. The floating ranges of interest rates on deposits and exchange rates were expanded. New steps were taken in the trials to establish private banks. The Shanghai-Hong Kong Stock Connect was launched on a trial basis. The scope for using foreign exchange reserves and insurance funds was broadened. Price reforms in energy, transport, environmental protection, and communications were accelerated. We launched reforms to the system for managing research and development funding, the school examination and enrollment systems, the household registration system, and the pension system for employees of Party and government offices and public institutions.

The document called for further relaxation on foreigners with technological talent applying for permanent residence permits and research into a new system for them to get Chinese citizenship.

"Of course, we will keep in touch with the other organs in the UN system, the General Assembly and other bodies, to insure that we achieve synergy according to our division of labor in the efforts that we make to try to address the issues we face," the Chinese ambassador said.

China would like to coordinate with the UAE in their development strategies in a bid to spur common growth, he said, adding that China is willing to cooperate with the UAE in high-speed railways, nuclear power, telecommunications and other sectors as well.

He went on to cite a keynote speech made by CPC General Secretary Xi Jinping last year in commemoration of the 60th anniversary of the establishment of the NPC, saying that the people's congress system has provided a fundamental institutional arrangement for integrating leadership by the Party, the position of the people as masters of the country, and the law-based governance of the country.