He further called for advancing the reform of government functions to foster a level-playing field in the market.
He has his own views about the globalization, localization and diversification of demand. "My working experience in European countries makes me feel that it is necessary to maintain a global standard. Of course, localization is also important.
He noted that building on these critical competencies of both local and Chinese employees, a company such as the China Road and Bridge Corporation had been able to complete the Standard Gauge Railway (SGR) project well ahead of schedule. Construction firm AVIC International, he said, has also been able to build one floor of the Global Trade Center in just 10 days.
He moved production lines of all products to another base in Linyi, Shandong, that he established in 2010.
He hoped that the move would encourage Chinese investors to enter the manufacturing sector and venture into value addition to target the big consumer market back home.
He noted that during the past five years, especially after last year's Belt and Road forum, construction of numerous projects have commenced, and some of the projects had delivered real benefits to the locals and the regions.
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He later walked back his statement, telling reporters he was "looking into it" and that a global pandemic was "maybe not" the best time to freeze funding for the international organization.
He discounted remarks by those who say the BRICS countries-Brazil, Russia, India, China and South Africa-are trapped by economic woes from their reliance on export-oriented growth. Xiao said China and other BRICS members have the potential to play a greater role in supporting global economic recovery.
He hinted more special campaigns will continue to be launched in the weeks to come.
He made the remarks when delivering a report submitted to Chinese lawmakers for deliberation at a four-day bimonthly session of the National People's Congress Standing Committee, which opened Monday.