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Noting China is forging a new development paradigm of a "dual circulation," where the domestic and overseas markets reinforce each other, with the domestic market as the mainstay, Xi said China would stay committed to expanding opening-up. He added that China would integrate itself into the global market more actively to share development opportunities with all countries and contribute to the global economic recovery.

While some investors find it hard to look beyond rising case numbers and new lockdowns amid the second wave of COVID-19 across the West, "China's recovery offers an encouraging precedent for the rest of the world," said Haefele.

He said China is committed to the path of peaceful development.

As a permanent member of the UN Security Council and a responsible major country, China is ready to continue its work with the international community to make unremitting efforts for an early settlement of the Palestinian issue with a comprehensive, just and permanent solution, and make positive contributions to an early realization of peace, stability and development in the Middle East region, Xi said.

Li said China and Russia, as the biggest neighboring countries of each other, have been following a policy of good-neighborliness based on mutual respect with an eye on realizing mutual benefits and win-win results. He hailed the two countries' cooperation amid COVID-19, as well as the sustained and high-level development of bilateral ties led by the two countries' leaders.