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China reported year-on-year GDP growth of 6.8 percent in the first quarter, the 11th quarter in a row with a growth rate between 6.7 percent and 6.9 percent.

China will also build a professional team of food safety inspectors and improve law enforcement capacity at the grassroots level to improve safety at every link, he said.

China wants to enhance connectivity of the BRI with strategies adopted by the European Union to jointly promote the development and prosperity of Eurasia, Xi said.

China plans to adopt introduce industrial standards for countries involved in the Belt and Road Initiative in an effort to boost trade and infrastructure development, a State Administration for Market Regulation official said Wednesday.

China ranks top among 20 world markets in terms of fintech adoption, with 69 percent of surveyed consumer respondents saying they are actively using fintech services, 33 percentage points higher than the global average.