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In 2003, the founding of the State-owned Assets Supervision and Administration Commission (SASAC) of the State Council further improved the management system for China's SOEs and better prepared them for market competition.

"Cultural consumption deserves our careful study. It should receive as much attention as consumption of goods and tourism as it contributes to improving people's livelihood and countering downward pressure on the economy," Li said.

During the visit to the Sijiqing Home for the Elderly, Xi chatted with senior citizens, asked them about their health, families and lives.

Minister of Education Chen Baosheng gave a report on preschool education to the legislators.

Xi also pointed out that although China has the largest manufacturing industry in the world, efforts are still needed in realizing industrial transformation and upgrade through innovation. He called for technical and industrial innovation to move China's manufacturing up in the industry chain.