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Chen also advised the government to spur loan demand of large and medium-sized enterprises by approving infrastructure construction projects, in addition to satisfying the credit needs of small and micro-sized enterprises.

Chen noted that while development benefits from economic growth and new technology, it remains globally "unbalanced, uncoordinated, and inadequate".

Chen attributed surging sales to strong demand from infrastructure and real estate projects, improvement in the mining sector supported by rising coal prices, as well as the low base of previous years.

Chen Yulu, deputy governor of the PBOC, said that there are only a few bond issuers who defaulted this year. The bond market is stable in general while investors remain rational. The default of bonds helps to enhance the credit standing of the bond market, preventing companies from releasing false information, committing fraud or escaping financial obligations, he said.

Children in impoverished mountainous regions must be guaranteed access to education, and they should have a happy childhood, Xi said during his visit to Chongqing. He encouraged teachers to settle down in such regions, dedicate themselves to education in rural areas and contribute to poverty reduction.