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Before the banquet, Eligen Imibakhi, vice chairman of the Standing Committee of China's National People's Congress, met with Karl Hood, Grenadian ambassador to China, saying that the two sides have enjoyed "frequent high-level contact, deepened political mutual trust and expanded cooperation over the past ten years."

SOEs are playing an important role in China's public ownership economy and their assets and resources are the common property of all people. No one should be allowed to undermine such wealth and any attempt to do so must get seriously investigated and punished.

The meeting, presided over by Yu Zhengsheng, chairman of the CPPCC National Committee, also adopted measures to implement the eight-point anti-graft rule at the upcoming third session of the 12th CPPCC National Committee. Documentation will be reduced, services will be simplified, and commercial activities will be prohibited.

Xi' first trip as China's leader was to Shenzhen, symbolic hub of Deng Xiaoping's reforms, and promised "no stop to reform and opening up".

He made the remarks while joining a panel discussion with members of the National Committee of the Chinese People's Political Consultative Conference (CPPCC) who are gathering for an annual session in Beijing.