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The Chinese mainland will further promote cross-Strait cooperation and exchanges in all fields, deepen economic and social integration, and enhance the sense of a community of common destiny, the president said.

Under the Belt and Road Initiative, multi-faceted cooperation between the two countries is blessed with huge potential and definitely has very promising prospects.

He said to win long-term gain, China must take the short-term pain from some structural reforms, including reduction of industrial overcapacity and destocking housing inventory, while reform policies, which are more efficient in producing economic benefit, should take preference.

First, we need to jointly uphold peace and stability. When we drink water, we should not forget its source. Asia owes the past decades of rapid growth to an environment of overall peace and stability in the region. As the saying goes, good neighbors mean good life. The past sufferings of war and turmoil have taught the Asian people the value of peace. Asia's post-war development shows that at all development stages, we must stay committed to good-neighborliness and must never let the minor differences or disagreements between us stand in our way. It is through dialogue and cooperation that we could find the "golden key" to development. We need to continue to treat each other as equals and live with each other in peace, and we need to work together to increase common ground, reduce differences, and build a solid foundation for peace and stability in the region.

Chinese spent 1.2 trillion yuan (184.86 billion U.S. dollars) overseas last year, said a spokesperson for the top economic planner on Monday.