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Noting that the SOEs are an important force to advance modernization and safeguard people's common interests, Xi, also general secretary of the Communist Party of China (CPC) Central Committee, urged unremitting efforts to ensure SOEs become stronger and more competitive.

Supervision will be intensified both from inside and outside SOEs to prevent abuse of power and the erosion of state-owned assets, and a mechanism for accountability will be established to track violations, including corruption and embezzlement.

Former World Bank President Robert Zoellick spoke positively of China's recent efforts to stabilize the capital market. Kim, Zoellick's successor, showed a clearer stance when he met with Li.

In a trip to Xigaze, the second largest city in Tibet, on Thursday, Yu said the city had witnessed dramatic development in recent years thanks to support from the Communist Party of China (CPC) Central Committee and the people as well as the hard work of Xigaze residents.

Xi said China-South Africa relations are in a period of opportunities as plans for bilateral cooperation in the coming five to ten years are being implemented. The 2015 "Year of China" events in South Africa further enhanced mutual understanding and friendship between the Chinese and South African people.