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The coordinated and joint development of the HKSAR and the mainland would not only improve their overall competitiveness, but provide the world new experiences of cooperation between regions of different systems, thus enriching "one country, two systems," he said.

"The Party has inspired a spirit of striving for a better future," Xin said.

The chairman and vice chairpersons reviewed opinions from lawmakers about a draft law on national intelligence, and a draft amendment to the Water Pollution Prevention and Control Law.

-- These four years have seen deepened policy connectivity. I have said on many occasions that the pursuit of the Belt and Road Initiative is not meant to reinvent the wheel. Rather, it aims to complement the development strategies of countries involved by leveraging their comparative strengths. We have enhanced coordination with the policy initiatives of relevant countries, such as the Eurasian Economic Union of Russia, the Master Plan on ASEAN Connectivity, the Bright Road initiative of Kazakhstan, the Middle Corridor initiative of Turkey, the Development Road initiative of Mongolia, the Two Corridors, One Economic Circle initiative of Viet Nam, the Northern Powerhouse initiative of the UK and the Amber Road initiative of Poland. We are also promoting complementarity between China's development plan and those of Laos, Cambodia, Myanmar, Hungary and other countries. China has signed cooperation agreements with over 40 countries and international organizations and carried out framework cooperation on production capacity with more than 30 countries. During the forum, a number of cooperation agreements on policy connectivity and action plans will be signed. We will also launch Belt and Road cooperation initiative on trade connectivity together with some 60 countries and international organizations. Such policy connectivity will produce a multiplying effect on cooperation among the parties involved.

China will strike a balance between financial stability, gradual deleveraging and stable economic growth, Li said while meeting with Managing Director of the International Monetary Fund (IMF) Christine Lagarde, who is in Beijing to attend the Belt and Road Forum for International Cooperation.