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Compared with developed countries, China lags behind in many other areas including environment protection, investment effectiveness and market supervision, Wang said. "Some people at home and abroad misjudged China's development phase...but we should be clear-headed."

Zhang Dejiang, chairman of the 12th NPC Standing Committee, presided over Saturday's closing meeting of the committee's last regular session.

It is crystal clear that it is the American company -- and subsequently the U.S. economy -- that has harvested most of the profits, not the Chinese assemblers.

Improving people's life has been a highlight of all local two sessions.

"These issues are all aspects that address the principal contradiction of China," Su said.