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"China's foreign reserves declined by about half a trillion U.S. dollars in 2015," said Yi. "Mainly, the reserves went to Chinese citizens and companies."

Xi joined a group of deputies to the National People's Congress from Hunan Province, listening to their opinions on innovation-driven development, international productivity cooperation, poverty alleviation, supply-side structural reform and environmental protection.

China's demand for pulp also grows against the increasing amount of consumer products including the emerging e-commerce. "Demand for packaging materials is increasing and usually paperboard is the best alternative," said Wikstrom. Moreover, demand for tissue products, like toilet paper and kitchen paper, is also increasing all the time.

China's globally-scrutinized stock market remains anemic following an uNPRecedented rout last summer. Lax supervision and immature investors were among the main reasons. The economic fundamentals able to sustain a long-term bullish market remain in place.

Speaking to lawmakers from Shanxi Province, Zhang, chairman of the National People's Congress (NPC) Standing Committee, said the NPC would "exercise its duty of legislation and supervision in line with major strategies put forward by the CPC Central Committee."