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The government will further cut red tape and improve market supervision, including compiling a negative list to enhance market access regulation. Market threshold of some major industries will be lowered for investors, and the current investment and financing mechanism will be improved, according to the statement.

On global economic governance, Wang called for gaining more say for emerging markets through frameworks of the Group of 20 and BRICS, saying that China is ready to take the opportunity of this year's G20 summit to be held in Hangzhou, east China's Zhejiang province, to exchange views with Russia and India on new ways to speed up world economic recovery. BRICS groups Brazil, Russia, India, China and South Africa.

Poverty alleviation is at the final but most-difficult stage, Xi told villagers, assuring them that this stage will feature precise poverty relief projects and measures.

The two parliaments should share experience in legislation on promoting innovation and improving governance, he said.

BEIJING, May 3 (Xinhua) -- China has expanded a pilot program to finally put all industries under a unified value-added tax (VAT) regime as part of a wider push to deepen the country's economic reform.