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Draft law to promotion of basic medical and health care, and draft sections on personal rights and torts of the civil code, as well as reports on enforcement of the water pollution prevention and control law and on employment promotion also were reviewed by the legislature during the session.

Du Zide, secretary-general of the China Computer Federation, said more homegrown semiconductor products should be included in China's government procurement plans, and appealed for favorable tax rebate policies to encourage promising chip players.

Donna Kwok, a senior economist at UBS Investment Bank, said that effective cross-border capital flow management, the weakness of the US dollar and improved onshore sentiment bolstered by a better domestic growth outlook have helped stop the decline of China's foreign exchange reserves.

Du's comments came after the National People's Congress, the nation's top legislative body, broke with tradition and granted on Jan 1, rather than March, the authorization to local governments to issue part of their 2019 quota for "new-money bonds".

Due to the financial innovation and diversifying financing channels, more and more entrepreneurs like Cheng feel more at ease when they need additional money for business expansion.