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China has about 150,000 SOEs, which hold more than 100 trillion yuan (15.7 trillion U.S dollars) in assets and employ over 30 million people. However, they posted an 8.2-percent decline in profits in the first three quarters of this year.

Practical cooperation is also high on the agenda of Xi's visit to Singapore, which has been China's largest foreign investor for two consecutive years.

BEIJING, Nov. 19 (Xinhua) -- China is willing to set up a high-level meeting mechanism with India on security to further promote security and law enforcement cooperation, Chinese State Councilor Guo Shengkun said here Thursday.

All local governments, enterprises and public institutions under the administration of the central authorities should be inspected before the 19th CPC National Congress, he said.

The announcement Monday that the International Monetary Fund (IMF) has included China's currency, the RMB, in its Special Drawing Rights (SDR) basket of currencies is big news not only for China, but also for Argentina, whose foreign currency reserves include a substantial amount of the RMB, financial expert Javier Blanco said.