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Combined SOE profits rose 23.5 percent year-on-year to 2.6 trillion yuan (around 5.6 billion) for the January-November period, the Ministry of Finance said.

Companies will gain easier credit through new bond procedure

Company officials said the Belt and Road Initiative and the "Made in China 2025" plan are offering more chances for the company to expand global presence.

Commenting that he is looking forward to the upcoming meeting with US President Donald Trump, Xi said China would like to make joint efforts with the US to take each other's interests and concerns into consideration, dissolve disputes and contradictions, and engage in win-win cooperation.

Commitment to the organic unity of Party leadership, the running of the country by the people, and law-based governance is a natural element of socialist political advancement. We must keep to the path of socialist political advancement with Chinese characteristics; uphold and improve the system of people's congresses, the system of Party-led multiparty cooperation and political consultation, the system of regional ethnic autonomy, and the system of community-level self-governance; and consolidate and develop the broadest possible patriotic united front. We should develop socialist consultative democracy, improve our democratic institutions, diversify our forms of democracy, and establish more democratic channels. We must see to it that the principle of the people running the country is put into practice in China's political and social activities.