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Hailing China-France friendship, Xi called on the two countries to strengthen cooperation with a long-term and future-oriented perspective under the new circumstances.

"Prudent monetary policy will be neutral in general," he said. "Growth of M2 and aggregate social financing will be commensurate with that of nominal GDP growth, to better serve the goal of maintaining economic growth within an appropriate range."

In December 2018, a training base was also set up by Yang to aid more farmers in joining the profitable business.

Efforts should be made to expand supply-side structural reform, make micro-entities more dynamic, and upgrade the industrial chain.

It was also decided at the meeting to implement the principle of competitive neutrality, and overhaul the policies and measures that hamper the growth of private businesses or fail to treat domestic and foreign investors as equals. The fair competition review system will be implemented in all governments including and above the county-level before the end of this year.