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While the Chinese are keener to start their own businesses, more reforms are being introduced to improve the efficiency and quality of ossified state-owned enterprises.

Ruan Zongze, executive deputy of CIIS, said Xi's U.S. tour during the period of reconstruction of the bilateral ties will be important over the next years.

During his first state visit to the EU countries, the Chinese president said in his keynote speech at the College of Europe in Belgium's Bruges that China and Europe need to build four "bridges" of peace, growth, reform and progress of civilization to step up friendship and cooperation.

Further investigation is still underway.

Previously, price controls were levied on 13 categories. This has been slashed to 7, including natural gas, electricity, water supply for irrigation works and postal services. The total number of items subject to price restrictions has dropped markedly from nearly 100 to 20.