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Li said China stands ready to work with Singapore to maintain close high-level exchanges, better integrate the Belt and Road Initiative with Singapore's development strategy and deepen bilateral cooperation on the New International Land-Sea Trade Corridor and in areas such as third-party markets, trade and investment, finance and smart city.

So far, various types of social insurance funds are in steady operation, and are competent in ensuring payments on time and in full. Policies to reduce social security contribution rates delivered notable effects in the first half of this year, as companies saw their spending on workers' basic pensions, unemployment insurances and work-related injury insurances decreased by over 128 billion yuan (about 18.5 billion U.S. dollars).

As comprehensive strategic partners of coordination, China and Russia enjoy deepening cooperation in all spheres, which has forcefully promoted the two nations' common development and revitalization, Xi said.

Thirdly, more steps will be taken to improve the business environment, Xi said.

China will push for an early conclusion of the Regional Comprehensive Economic Partnership (RCEP) and accelerate the negotiations on a China-European Union investment agreement and the China-Japan-South Korea Free Trade Agreement, Xi said.