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Xi also inspected the three news providers' new media services.

BOAO, Hainan, March 25 (Xinhua) -- Chinese Premier Li Keqiang on Thursday delivered a speech at the opening plenary of Boao Forum for Asia Annual Conference 2016.

As part of efforts to provide low-income urban residents with affordable housing, China aims to complete renovation of rundown urban areas and dilapidated housing by 2020.

At present, fewer than one third of the neediest people are supported in institutions, while the rest live at home, most of the time alone, which adds potential risks.

This year's budget deficit-to-GDP ratio was raised to 3 percent, up from 2.3 percent last year. The growth of M2, a broad measure of money supply that covers cash in circulation and all deposits, was proposed to be 13 percent, one percentage point higher than last year's target.