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As an important means to reduce SOE leverage, debt-to-equity swaps have been accelerated, allowing companies with long-term potential to exchange their debt for stocks. By the end of June, 12 central SOEs had signed debt-to-equity swaps agreements, she added.

As a high-school teacher, Chao said she was greatly inspired by the attention Xi paid to history education. The history class has helped students set visionary goals for their studies, she said.

As a major source of cultivating new growth drivers, SMEs have played an important role in promoting economic growth, increasing jobs and stimulating innovation, says the white paper released by authorities including the People's Bank of China and the China Banking and Insurance Regulatory Commission.

As far, the number of Hong Kong-funded firms in Qianhai has surpassed 11,000 and over 200 Hong Kong innovation teams were established under a youth innovation and entrepreneur program.

As an ancient Chinese saying goes, "when granaries are full, people will know propriety and moderation." A society can be stable and orderly only when its people can lead a prosperous life. After the introduction of the reform and opening up policy in 1978, China achieved fast economic growth and significant scientific and technological progress. It has become the world's second largest economy, with its per-capita GDP has doubled and redoubled many times over the four decades. In the meantime, the Chinese government has taken various measures such as those to fight corruption, reduce poverty and promote the rule of law, in order to uphold social equity. Thanks to these efforts, the potential factors that might destabilize society have been greatly reduced.