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"Committed to upholding world peace and global free trade system, China has become an important force in safeguarding world peace and supporting global economic recovery," Li added.

5) The construction of government-subsidized housing progressed smoothly. We supported government-subsidized housing projects, such as the rebuilding of run-down areas, by increasing central government's budgetary investments and special funding in this area, allocating special development funds, and securing financing through corporate debt issuance. Over the last year, construction began on 7.83 million government-subsidized housing units in urban areas and construction on 7.72 million units was basically completed.

International institutions usually use two indexes to evaluate a country's fiscal risks -- its deficit should not exceed 3 percent of its GDP and general government debt-to-GDP ratio should not exceed 60 percent.

The presidium heard reports on how deputies thought about the government work report, the national economic and social development plan, the central and local budgets, as well as draft resolutions on these documents. The draft resolutions will be distributed to NPC delegations for deliberation.

China will work hard to raise the remaining 55.75 million poverty-stricken rural people out of poverty by the end of 2020 - an aim described as the "hard bones" of poverty eradication.