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China started pilot schemes of a share-holding reform in May 2015, allowing farmers to own, benefit from, collateralize and inherit shares, in an effort to inject new growth into the rural economy and increase farmer incomes.

China should make good use of the experience from progress made in the institutional reform of the central and state organs since the third plenary session of the 19th CPC Central Committee and carefully plan local institutional reform, Xi said.

China will conduct a full evaluation of the act and closely assess its impact on Chinese investors and companies, said a ministry spokesperson.

China may opt to cut the benchmark one-year deposit rate, the first time it would do so in four years, to reduce the cost of funds for coronavirus-hit companies, especially if the upcoming economic indicators for January and February hurt market sentiment and increase concerns for policymakers, analysts said on Monday.

China utilized 70.36 billion yuan (.9 billion) of foreign investment in April, up 11.8 percent year-on-year, the Ministry of Commerce said.