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It also urged them to increase investment in the real economy to help with small companies' financing.

Previously, authorities ran "annual checks" on enterprises that required a lot of paperwork. Irregularities found during the checks often resulted in severe penalties, including cessation of business licenses, making checks prone to bribery and corruption.

"All the countries should learn from history and aspire for peace and development, rather than clinging to outdated ideas or going against the tide of history," Sun said.

Xi also expressed willingness to participate in Zimbabwe's construction of economic and industrial zones, and vowed to encourage more Chinese companies to invest in the country.

The article concluded that, with further reform, under a Party headed by Xi, the economy will strike a healthy balance between reform and development.