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BEIJING, Nov. 20 (Xinhua) -- Chinese Premier Li Keqiang met with World Bank President David Malpass on Wednesday, expressing the willingness to deepen cooperation with the World Bank in key areas.

The policies of cutting taxes and fees should be implemented carefully, and efforts should be made to solve difficulties for enterprises, to ensure that taxes on manufacturing and other major industries will drop significantly, according to a statement released after a State Council executive meeting chaired by Premier Li Keqiang.

Noting that China has set an example in national governance and economic development, the governor suggested Brazilians study the book, so as to draw inspiration from China's experiences in facing various challenges.

Howard Davies, chairman of the IAC, and other IAC members gave suggestions on improving corporate governance, attracting long-term capital and institutional investors and dealing with the relations between openness and regulation.

Meanwhile, Macao's advantage in its external relations also comes from the benefit of "two systems," as the Basic Law of Macao stipulates that the Macao SAR may develop its external relations and participate in some international affairs in the name of "China's Macao SAR" in some appropriate fields, she said.