Xi, also general secretary of the Communist Party of China (CPC) Central Committee and chairman of the Central Military Commission, made the remarks when presiding over a symposium in Beijing for teachers of ideological and political theory.

As the "two sessions," a key event in China's political calendar, came to an end Friday, the country has created decisive underpinning for navigating.

The new law responds to long-standing questions concerned by foreign-funded companies and other investors by giving answers on how to define, promote, protect and manage foreign investment.

They expect the new submarket, marking a key reform of the capital market, to better leverage the market's role in financing technological innovation.

China Investment Corporation, the country's sovereign wealth investment fund, is seeking global partners to jointly establish a special cross-border investment instrument which will further finance Belt and Road projects, said a senior company executive.

China's employment remained stable despite a higher jobless rate in January and February, according to the National Bureau of Statistics (NBS).