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Applauding the implementation of this year's budget, lawmakers suggested more efforts be made to pursue a proactive fiscal policy, strengthen performance-based budget management, deepen the reform of the fiscal and tax systems and forestall and defuse local government debt risks, according to the statement.

Despite the challenges and problems in economic operations, the Chinese economy has maintained sound momentum in the long run, he said, stressing the need to unswervingly advance supply-side structural reform, foster new growth points and achieve high-quality development in a down-to-earth manner.

Two-way investment between China and ASEAN countries grew robustly to reach 230 billion U.S. dollars in the first eight months of this year, with the establishment of 25 economic and trade cooperation zones creating over 100,000 jobs.

The four-day event features trade fairs and forums on infrastructure, Internet plus healthcare, high technology, modern agriculture, logistics, tourism, the digital economy and industrial cooperation, attracting about 12,600 participants from 2,900 regional organizations, commerce chambers, associations and enterprises in 89 countries.

Xi also stressed efforts to actively push forward the supply-side reform in agriculture.