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In a keynote speech delivered via video link at the APEC CEO Dialogues, Xi said that China will open its door still wider to the world, and China's new development paradigm will enable the country to fully unlock its market potential and create greater demand for other countries.

Regarded as the "latest fruit" of socialist political economy with Chinese characteristics, the thought reflects the leadership's growing understanding of the laws of economic and social development and makes clear the key principles to be upheld in promoting economic development for a new era.

Leaders of the six major international economic institutions spoke positively about China's notable achievements in fighting COVID-19. They pointed out that China, with its robust economic reopening and strong recovery, will be the only major economy to realize positive growth this year.

At the APEC event, Xi said China welcomes the signing of the Regional Comprehensive Economic Partnership (RCEP) agreement and will give positive consideration to the idea of joining the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP).

As this year marks the 95th anniversary of the All-China Federation of Trade Unions, Xi asked the trade unions to draw upon their success and experience over the past 95 years and strive to do even better work.