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China should continue implement reforms in order to avoid risks accumulated that may drag down the grow pace in the medium-to-long period, the IMF said.

China is willing to work with the other SCO member states, including Russia, to take the Qingdao summit as an opportunity to further carry forward the "Shanghai Spirit" and ensure the healthy and stable development of the SCO, Xi noted.

China launched its "sponge city" program in 2015 to upgrade urban infrastructure to address urban flood risks and improve its use of rainwater.

China will broaden market access for financial sector investments and beef imports from the US, Financial Times reported on Monday citing officials from both sides familiar with the matter.

China remains committed to its opening-up strategy and will advance high-quality cooperation in building the Belt and Road, strive to uphold and improve the multilateral trading system and promote trade and investment liberalization, the document adopted at the plenary session said.