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The private sector has gained the most from the reforms, with 671.2 billion yuan of taxes reduced during the period, according to data released at a press briefing of the State Taxation Administration (STA).

The premier was responding to a question about the latest measures taken by the country's financial regulators against some insurance companies and financial institutions and whether the chance of loss associated with these companies would set off systemic financial risks.

The project of the over-2,000-meter-long cable-stayed bridge, whose estimated value is over 400 million euros (5 million) and will be partially sponsored by European Union fund, was opened for bidding in September 2017.

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The project is designed to have a lifespan of more than 100 years.

The presidential run was hosted by the Union Parliament to fill the vacancy left by U Htin Kyaw, who announced his resignation last week, citing his health as the reason.

The premiums will rebound due to relatively steady economic growth, a weakening effect of previous tougher regulatory policy for investment-linked insurance products, and a relatively low base of comparison in 2018, Xing said.

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The president is scheduled to take part in a ceremony at the Suresnes American Cemetery to the west of Paris on Sunday afternoon, when he is expected to make formal remarks.

The price of straw is rising year by year, reaching 350 yuan (about ) per ton, 10 percent higher than in previous years, which is far beyond Liu Weiquan's expectation.

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The professional institutions, which will run the bonds in line with market principles, will be required to take measures against financial risks.

The president retweeted mockery of Joe Biden, the Democrats' presumptive 2020 presidential nominee, for wearing a mask at a Memorial Day celebration.