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China will promote higher-standard opening-up, strengthen intellectual property right protection, encourage fair competition among domestic and foreign businesses, attract more foreign investment, and encourage more Chinese companies to go global, so as to achieve more win-win outcomes, Li said.

He urged BRICS media outlets to be aware of the general trend of global development and be "narrators" of the BRICS story, follow the evolution trends of media and be "leaders" in innovative development, and give full play to the advantages of BRICS collaboration and be "pursuers" of pragmatic cooperation.

BEIJING, Dec. 7 (Xinhua) -- China's economy got off to a wobbly start in 2020, when it fell victim to the coronavirus and experienced a first-quarter slump. But as the year draws to a close, it is proving to be the fastest to emerge with an economic expansion for the whole year.

The new development paradigm does not mean "a closed-door circulation," but "will enable China to open up wider and share more opportunities for common development with other countries," Xi stressed at the Asia-Pacific Economic Cooperation (APEC) CEO Dialogues.

Xi said he hopes that the two sides will uphold the spirit of non-conflict, non-confrontation, mutual respect and win-win cooperation, focus on cooperation, manage differences, advance the healthy and stable development of China-U.S. ties, and join hands with other countries and the international community to promote the noble cause of world peace and development.