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China's continuous efforts in improving the business environment and reducing taxes and fees led to greater vitality of enterprises. During the period, the imports and exports of private businesses totaled 8.49 trillion yuan, up 11.2 percent year on year, accounting for 42.2 percent of China's total trade volume.
China's first e-commerce law took effect on Jan. 1. It bans vendors from unscrupulous practices like deleting shopper reviews, and cancelling orders.
China's national legislature on Saturday dismissed Yang Jing from his state councilor post after he was investigated for severe disciplinary violations.
China's inflation will pick up but stay benign this year, with 2.4-percent growth in the CPI and 3.4-percent growth in the PPI, according to the research note.
China's development is an opportunity for the world and the nation welcomes other countries to share its opportunities, Xi said.
