Speaking of the Chinese economy, Liu said, China is

 accelerating its transition from high-speed growth to high-quality develo

pment, as its economic structure continues to upgrade, and new momentum sustains remarkable growth.

China has adopted a proactive fiscal policy this year with greater intensity and enhanced efficiency, rolling out substa

ntial tax cuts and fee reductions, and its economic growth in the first quarter has gotten off to a good start, Liu said.

The minister said his country will continue to significantly relax ma

rket access, enhance the protection of intellectual property rights, and carry out larg

er-scale tax cuts and fee reductions, so as to create a more attractive investment and business environment.

On the sidelines of the Development Committee meeting, Liu met with David Malpass, the new World Bank president, as scheduled.

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