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Wen encouraged the next government to deepen reform and opening up with "greater political courage and vision."

The smog that has blanketed many Chinese cities in recent days has affected a total area of 1.3 million square kilometers, according to the Ministry of Environmental Protection.

He acknowledged that it is difficult for some cities, including Beijing, to meet national air quality standards in the short term.

A repurchase operation is a central bank operation to withdraw funds in the open market to prevent rampant liquidity.

The government's tax reduction measures, including hikes in exemption thresholds for personal income tax and adjustments in taxation rates, have affected the revenue, said an official from the ministry.