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The Chinese government always demands that Chinese companies working abroad strictly abide by the laws, both of China and the country they are working in, said Foreign Ministry spokesperson Hong Lei at a routine press briefing.

Some 16.3 billion yuan (about 2.5 billion U.S. dollars) were invested on the construction of roads and railways last year. A high-grade road linking Lhasa and Nyingchi was opened to traffic at the end of last year, and the Lhasa-Nyingchi railway construction and airport renovation and expansion are in full swing.

Chinese central bank governor on Friday repeated that there is no basis for continued weakness of the yuan and China will not seek to boost exports through competitive devaluation.

Together dubbed colloquially as the "two sessions," the dual meetings make regular yet crucial venues where political and economic developments are reviewed and discussed and key policies adopted.

5) The construction of government-subsidized housing progressed smoothly. We supported government-subsidized housing projects, such as the rebuilding of run-down areas, by increasing central government's budgetary investments and special funding in this area, allocating special development funds, and securing financing through corporate debt issuance. Over the last year, construction began on 7.83 million government-subsidized housing units in urban areas and construction on 7.72 million units was basically completed.