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Hong said that demilitarization in the region is not a matter for just a single country. "There should not be double standards or multi-standards for demilitarization in the South China Sea, and the process requires joint efforts from countries in the region and beyond."

"Departments' budgets should be made public, according to the law. Based on the 14th Article of China's current Budget Law, after a department gets approval for its budget from the government's finance department, the budget should be made public within 20 days, with the exception of national security reasons," said Liu at a press conference on the NPC session's sidelines.

Highlighting supervision and evaluation, the statement stressed that all departments should ensure plans are well documented, and any mistakes or deadline breaches are dealt with accordingly.

Sisi stressed that Egypt regards China as an important strategic partner in its national projects in various fields, expressing Egypt's willingness to improve its development strategy and be a key partner within the framework of the Belt and Road Initiative.

"Structural reforms are to focus on addressing overcapacity problems, improving productivity, lowering the tax burden on enterprises and facilitating access to credit, addressing imbalances in the property market and strengthening financial supervision," the IIF said.