Chinese Minister of Finance Xiao Jie answers questions on reform of fiscal and taxation system and financial work at a press conference for the fifth session of the 12th National People's Congress in Beijing, capital of China, March 7, 2017. (Xinhua/Li Xin)

Chinese Minister of Finance Xiao Jie and Assistant Minister Dai Bohua take questions on reform of fiscal and taxation system and financial work at a press conference for the fifth session of the 12th National People's Congress in Beijing, capital of China, March 7, 2017. (Xinhua/Chen Yehua)

Chinese Minister of Finance Xiao Jie and Assistant Minister Dai Bohua take questions on reform of fiscal and taxation system and financial work at a press conference for the fifth session of the 12th National People's Congress in Beijing, capital of China, March 7, 2017. (Xinhua/Chen Yehua)