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China is expected to complete the China-Russia East-Route Natural Gas Pipeline by the end of 2020, which will send up to 38 billion cubic meters of gas annually from Russia to China, according to China National Petroleum Corp.

China is taking measures to maintain balance of fiscal income and spending, to counter economic downside risks and tighten the budget management of local governments, according to the Ministry of Finance on Tuesday.

China introduced a "foreign waste ban" in 2017 and in June 2018, it decided to stop all imports of solid waste by the end of 2020. Last year, the country restricted imports of 24 types of mining slag, household plastics, unsorted paper and textile waste.

China is promoting economic, political, cultural, social and ecological aspects of China's modern civilization, which is also a vital part of a community of shared future of mankind, Xi said.

China has the largest middle-class in the world, around 300 million and growing, accounting for 30 percent of the world's total. Morgan Stanley expects China to gain high-income status by as early as 2025.