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"China-U.S. economic and trade relations have proved to be reciprocal in essence and have brought huge benefits to the peoples and business communities of both countries in the past 40 years, including providing both with a huge market and plenty of job opportunities," said the spokesman. "I don't believe such relations would have lasted till this day if they had only benefited the Chinese side."

The introduction of the tax called an end to the "pollutant discharge fee," which China had been collecting for nearly 40 years.

"When visiting the museum, a different generation has a different feeling," said Zhao.

Measures can also be expected to improve corporate governance. A debt control mechanism will be established, and corporate capital can be replenished by additional share offering and bringing in strategic investors. Mixed-ownership reform will be promoted.

The Chinese economy has transitioned from a phase of rapid growth into a stage of high-quality development, according to the 19th CPC National Congress.