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Xi and U.S. President Barack Obama held a historic summit last June at the Annenberg Retreat in California, during which they reached an agreement on building a new type of major-country relationship which features no conflict, no confrontation, mutual respect, cooperation and common prosperity.

This indicated that the Chinese government will further strengthen its political cooperation with Russia as well as their cooperation in other fields, which will play an important role in enhancing the two countries' economic developments, Han said.

As Nicholas Consonery, Asia specialist at the Eurasia Group, has said, these measures are "more as an attempt to shore up domestic confidence in the economy than as a step to usher in aggressive stimulus moves."

While expressing confidence in the current system as a whole, which Xi believes represents the results of gradual development based on history, culture and economy, he admitted it needs improving.

He called on government departments at all levels to improve their work accordingly.