Xi's remarks come after Vice-Premier Liu He, who oversees the financial and industrial sector in the State Council, called for supporting the development of private enterprises by improving their access to financial services during an interview on Friday.

The vice-premier noted that the private sector contributed to more than 50 percent of taxes, more than 60 percent of the GDP, more than 70 percent of technical innovation, more than 80 percent of urban employment as well as at least 90 percent newly added jobs and businesses in the country.