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China successfully hosted the Belt and Road forum for International Cooperation in Beijing this past May. Based on the principle of extensive consultation, joint efforts and shared benefits, the forum achieved fruitful results on policy consultation, infrastructure connectivity, trade promotion, financial cooperation and people-to-people exchanges, and injected new momentum to promote interconnected growth and facilitate common prosperity. The international organizations participating in the Roundtable welcome and support the Belt and Road Initiative which could help promote economic globalization, strengthen regional interconnection and deepen international cooperation, and are willing to join together with China and countries involved in the Belt and Road to push the initiative.

China leads the world in solar power development. Its annual increase of new installed generation capacity has been the largest in the world since 2013. As of the end of September, China's installed photovoltaic capacity hit 120 gigawatts.

China proposes to hold a defense security forum and formulate a three-year program of cooperation to fight the "three forces", Xi said, adding that China is willing to host an SCO joint counterterrorism cyber exercise again.

China will come up with temporary and targeted fiscal measures to cushion the blow to economic growth caused by the novel coronavirus outbreak, with the focus largely on optimizing government spending and enhancing support from central authorities, officials from the Ministry of Finance said on Thursday.

China spends 84 percent of its R&D funds on experimental development, compared with 63 percent in the United States.