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Since assuming the top post in the Communist Party of China in 2012, Xi has taken a leading role in transforming the Chinese People's Liberation Army. He envisions a world-class armed forces that must provide a strong backing to the protection of China's sovereignty, security and development interests, safeguard world peace and stability, and contribute to the realization of China's national rejuvenation.

Noting that protectionism and unilateralism prevent developing countries from benefitting from new technologies, Paulino applauded China's bid as a champion of multilateralism and said "as the world's largest developing economy, China's role is critical not only for the development of the BRICS members, but for all developing countries."

Brazil is also dedicated to opening up by optimizing its business environment. Li Tie, general manager of the Brazilian branch of BYD, a leading Chinese manufacturer of electric vehicles and batteries, said that the Brazilian government has actively promoted pension and labor law reforms and is planning to carry out tax reforms.

China and India, both as developing countries and emerging economies, are the only two major countries in the world with a population of more than 1 billion, Luo said, stressing that China-India cooperation will not only benefit the development of the two countries, but also help promote world multipolarization and economic globalization, and safeguard the common interests of developing countries.

Other bills reviewed Monday include draft revisions to the Law on the Prevention of Juvenile Delinquency and the Archives Law, and draft decisions on clarifying the National Supervisory Commission's power to formulate supervisory regulations, adjusting the implementation of laws to further cut red tapes in pilot free trade zones, as well as authorizing the jurisdiction of Macao's port zone at Hengqin port and extended areas to the Macao Special Administrative Region.