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China is willing to make joint efforts with Pakistan to push bilateral ties to a higher level and build a more closely-knitted community with a shared future between the two countries, Xi said.

The move will help pool high-end talents from across the globe and spawn leading scientists, as well as make China a country of innovators, according to the guidelines.

In helping to settle various flashpoints in different parts of the world, China follows its own distinct approach, one that is peaceful and constructive and rooted in justice.

President Xi set out his defense of globalization at the World Economic Forum in Davos, Switzerland last year, just days before U.S. President Donald Trump took office.

BEIJING, March 27 (Xinhua) -- Vice Premier Liu He said Tuesday that China would accelerate regulatory adjustments in banking and insurance sectors to step up integrated oversight of financial institutions.