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Li is in Beijing for the ongoing annual sittings of the national legislature and the top political advisory body. The meetings of more than 2,100 national political advisors and about 3,000 legislators are crucial venues where political and economic developments are reviewed and discussed, and key policies and laws adopted.

Li worked as a marketing director in a multinational pharmaceutical company before starting up. Li said years of experience dealing with hospitals and patients prompted him to seek a healthier lifestyle.

Li expected accelerated issuance of local government bonds in the second quarter, which will bolster infrastructure investment, adding that China's economic growth may recover to 3.5 percent year-on-year in the second quarter from a negative growth in the first one.

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Lin Qi, 39, felt uncomfortable and went to hospital for treatment. He passed away after treatment failed. [Photo/CFP]

Li, a member of the Standing Committee of the Political Bureau of the Communist Party of China Central Committee and chairman of the Standing Committee of the National People's Congress (NPC), made the remarks at the annual session of the Academy of Chinese People's Congress System.

Li said the CNTA will continue to follow the development of the accident.

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Li said while large textile companies could open new plants in other countries, small and medium ones like his company Nantong Fenglan Textile Co Ltd choose to tap their resources on hand to stay competitive.

Li said that China appreciates Brunei's efforts in strengthening China-ASEAN relations, and will firmly support the construction of the ASEAN community, as 2018 will mark the 15th anniversary since China and ASEAN established their strategic partnership. China is also ready to work jointly to achieving even more and to bring peace and prosperity for regional countries as the leaders meet, this year, to enhance East Asia cooperation. He said China is willing to enhance political mutual trust with Brunei, and further cooperation in trade, infrastructure, energy, finance, technology, and other areas, while enhancing people-to-people exchanges.

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Li first visited the China (Shanghai) Pilot Free Trade Zone, where local officials said the time needed for enterprises to complete administrative procedures has been reduced by 85 percent after the integration of governmental services with the internet.

Liang Hong, chief economist with China International Capital Corp, said that with the fundamentals of the Chinese economy improving and investment returns increasing, the yuan could strengthen further this year.