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A number of world leading science and technology professionals, young scientists and engineers, and innovating teams should be trained, said Xi Wednesday.

Under the new circumstances, all the member countries need to remain true to their original aspirations and firmly advocate the "Shanghai Spirit" of the SCO, give play to its advantages, fully release the potential of the SCO expansion, and forge ahead with all-round cooperation, Xi said.

In addition, panel discussions were held to deliberate bills on two draft revisions of laws on the organization of courts and procuratorates to prevent intervention in judicial affairs.

The Wednesday meeting approved a series of fiscal, tax and financial incentives. The volume of re-lending and rediscount for small and micro businesses, and for rural areas, agriculture and farmers will be raised. The re-lending interest rate for small and micro businesses will be lowered. Evaluation for financial institutions will be improved to make sure that businesses with a credit quota of 10 million yuan (1.55 million U.S. dollars) and below shall enjoy faster loan growth than other types of credit recipients.

"The rebound of private investment this year has been encouraging, yet lengthy review of construction projects will drive up corporate costs," Li said.