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Xi visited the headquarters of the People's Daily, Xinhua News Agency and China Central Television Friday.

"The uptick reflects more a seasonal shock to food prices and a reduced drag from commodity costs than strengthening in demand using up spare capacity," said Bloomberg economist Tom Orlik in a research note.

Zhang is paying a 10-day visit to Africa from March 18 to 27. Following his Zambia tour, the top legislator will visit Rwanda and Kenya.

The Ministry of Finance said houses above 90 square meters will be levied a deed tax at 1.5 percent of the house price for first time buyers in all Chinese cities, down from the current 2 percent.

Commenting on the leaders' meeting of China, Japan and the Republic of Korea (ROK) in the ROK last year, Premier Li said the event did not come easily as it should have been held annually, however, it was only resumed last year after a three-year hiatus.