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The Chinese economy managed an average 7.8 percent annual growth over the past 5 years, while many developed nations still struggled to recover.

The visit which ends on Tuesday, the first by a U.S. president since 1928, marks the most important moment since Obama and Castro agreed in December 2014 to restore diplomatic ties and end half a century of hostility following Cuba's revolution, which ousted a pro-American government in 1959.

BEIJING, March 3 (Xinhua) -- China will continue to move factories from overcrowded cities to cheaper locales and transform old urban industrial areas over the next few years, with the aim of basically completing the process by 2022, the country's top economic planning agency said Thursday.

A total of 6 million substandard homes will be involved this year and this is a tough task, demanding innovative work, he said.

The Chinese president expressed the hope all parties concerned will, proceeding from the general situation of maintaining peace and stability on the Korean Peninsula, deal with the current situation in a sober-minded way and always adhere to the right direction of dialogue and consultation, adding that the Chinese side is willing to continue maintaining communication and coordination with the South Korean side with respect to issues of the Korean Peninsula.