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Pyongyang launched a satellite-carrying rocket, which Seoul sees as a cover for a long-range ballistic missile, on Feb. 7, after conducting its fourth nuclear test on Jan. 6.

Xi asked to strengthen agricultural benefits and competitiveness, improve agricultural production structure on the basis of market demand, and develop modern agriculture with the support of science and technology.

The move was part of China's reforms to make its standards on products and services more updated, efficient and market-oriented.

In accordance with the resolution of the third session of the Twelfth NPC on the report on both the execution of the central and local budgets for 2014 and the central and local draft budgets for 2015 as well as the review of that report by the NPC Financial and Economic Affairs Commission, we have developed new ways to improve macro regulation through fiscal policy, made steady progress in the reform of fiscal and tax systems, and worked hard to bring about sustained, healthy economic and social development.