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China has pursued direct currency transactions with 23 countries, including eight countries along the initiative's route, which have effectively reduced exchange rate fluctuation risks and helped facilitate regional trade and investment.

China has provided assistance to more than 127 countries and four international organizations, donated million to the WHO, and sent 14 teams of experts to fight the epidemic in 12 countries.

China is moving full speed ahead to establish a green financing mechanism to support the economy's transition to sustainable growth, putting its full weight behind green financing. As environmental protection is a key national strategic objective for China, green finance is an essential element of achieving this goal.

China is now a main driver of global growth, Xi said, noting that over the past four years, China's economy has grown by 7.2 percent on average annually, contributing more than 30 percent of global growth.

China is already a leading market globally for venture capital in technologies including virtual reality, artificial intelligence, autonomous vehicles, and 3D printing, with about one third of the world's "unicorn" companies (startups valued at more than billion) hailing from the country, according to global consulting firm McKinsey & Company.