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China is toughening supervision on the banking and insurance sector with solid progress made in the first quarter of the year. [Photo/VCG]

China is ranked second in the world in terms of aviation-related internet development, only after the United States, and has 362 million active users of the IPv6 protocol that is used for the purpose.

China is in a transition period which is very crucial not only for its future development but also for the future of the world economy. The Chinese economy is integrated to the world economy and it is important that there is a dialogue between Chinese leaders and foreign leaders. The Chinese culture promotes more soft power than direct confrontation. The way Chinese leaders communicate is also different from foreign leaders. But their active participation shows that China is more open to the world than ever before. China is facing challenges that western economies has faced in the past. It's important for the Chinese leaders to learn also from the financial crisis, which has shaken the world.

China has signed deals related to the Belt and Road Initiative with more than 80 countries and organizations.

China is creating a law-based, international and accommodating business environment and building a country of socialist rule of law, Xi said in the letter.