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The reform should be conducted in accordance with principles of free trade and openness, Li said, adding that it should also preserve the legitimate rights of developing countries and mitigate the North-South divide.

China has 98 SOEs centrally administered by the State-owned Assets Supervision and Administration Commission, whose aggregate profits exceeded 1.4 trillion yuan for the first time last year, up 15.2 percent from a year earlier.

The move is also designed to support judicial reform and boost the judicial system's credibility, according to Li.

China will, as always, support the Cambodian people in following a development path in line with their national conditions, and support Cambodia's efforts to maintain stability, develop economy and improve people's livelihood, Li said.

Legislators should think and voice opinions in big-picture terms, said Li, chairman of the National People's Congress (NPC) Standing Committee, who presided over the meeting attended by 52 NPC deputies.