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Schweisgut said China's economy was now shifting to become more consumption-based and more innovation-driven, which was a complex progress and qualitative change, bringing more difficulties for future reform.

"With steady incomes and better medical insurance, life has become easier. We are confident of getting rid of poverty in the near future," he said.

Xi's speech was a vivid explanation of the annual conference's theme. China's reform and opening-up achievements in the past four decades have offered Chinese experience and wisdom to Asia's opening-up and innovation. China's pledge to adhere to reform and opening-up and expand opening-up is a strong support for globalization and free trade.

HONG KONG, Feb. 10 (Xinhua) -- At least 18 people were killed and 62 injured on Saturday after a double-decker bus overturned in China's Hong Kong Special Administrative Region (HKSAR).

Developing generic drugs has huge economic and social significance to the country as they lower medical expenditure, improve the accessibility of drugs and the medical service level in China, said an official with China's National Health Commission.