Xi promises wider access to private firms

President Xi Jinping pledged to grant wider market access to the country's private sector during a panel discussion with political advisers on Friday.

Speaking with members of the industrial commercial sector and a democratic party evolved from business and intellectual groups, Xi also urged the entrepreneurs to "abide by the law" and "take social responsibilities".

During the two-hour discussion, 10 political advisers made proposals on financing support, wider market access, lower taxation and fees as well as intellectual property rights.