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China's 2.5 trillion yuan (1.2 billion) tax relief plan for this year will help ease financial strains and accelerate production recovery of enterprises with key measures like further cuts in the value-added tax rates and social security contributions, experts said on Monday.

China would like to continue with its support for Micronesia to deal with climate change under the framework of South-South cooperation, Xi added.

China will forge ahead with all-around opening-up in the financial industry and create a fair environment for competition, ushering more global participants into banking, insurance, securities, asset management and other sectors, Vice-Premier Liu He said on Wednesday.

China's Labor Law stipulates that companies must contribute the bulk of payments toward five types of social security for employees, including injury, medical and endowment insurance. Workers pay a minimal amount.

China will look to achieve sustained and rapid growth of the majority of its centrally administrated State-owned enterprises in the second half of this year, according to the country's top State asset regulator.