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He told Xinhua that the goal of the initiative is to optimize allocation of resources and trade, to advance regional economic integration, and to realize the synchronous development of economy and society.

He said the tax gives companies an incentive to cut emissions and upgrade production technology, as the mechanism charges them based on the amount of pollutants discharged.

He stressed improving the coordination of macroeconomic policies in various countries, and taking effective policy measures to prevent the global economy from falling into a deep and medium-term recession.

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He views the nation's development as a continuation of the progress made in the three decades after the People's Republic of China was founded in 1949.

He said the Central Committee of the Communist Party of China has considered setting a "transition period", during which previous policies on poverty alleviation will continue to prevent some people from falling back into poverty.

He stressed that no industry should see its tax burden increase in the course of VAT reform. This will be the guiding principle of all relevant reform measures.

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He said when he learned that Yanqing won the opportunity as one of three places to host the 2022 Winter Olympic Games, he decided to quit his previous trade business and return to his hometown to open a homestay hotel.

He said there are more than 100 Chinese companies in Georgia that employ at least 5,000 Georgians.

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He said that this had been achieved by developing the mine while creating a ladder chain - producing fertilizer, food, electronics and medical products.

He said the C+C5 mechanism supplements the Shanghai Cooperation Organization, which offers a platform for their cooperation in a focused way.