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Xi's Davos speech is an important turning point for China's relations with the world, said Klaus Schwab, WEF founder and chief executive.

The guidelines, which were distributed to provincial-level governments as well as ministries and institutions of the State Council, called on them to take the lead in launching international big science research plans and projects, using domestic and overseas scientific resources.

Speaking highly of Xi's vision and foresight on state governance, Mnangagwa said Xi Jinping Thought on Socialism with Chinese Characteristics for a New Era greatly inspired Zimbabwe to take a development path with its own characteristics.

"Now we can directly resort to some of the measures," said Rui Chenwen, an official at Shanxi's supervision commission, hailing the efficiency of the approaches. "In the past those measures would require the assistance of judicial organs like police departments and procuratorates."

An HSBC Bank report defines financial literacy as the ability to use knowledge and skills to manage financial resources effectively for a lifetime of financial well-being.