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"The world today is going through major development, transformation and change. While economic globalization surges forward, global growth is shadowed by protectionism and unilateralism," said the Chinese president.

He stressed that a systematic and profound reform is urgently needed to address deeply-rooted problems in military policies and institutions, fully release the efficacy of national defense and military reforms, open a new ground for building strong armed forces, and seize the initiative in military competition and warfare.

In the economy, he made the judgment of new normal, initiated the supply-side structural reform and drew a clear line between the government and the market.

In eight years, another 14.5 million small businesses like Zhang's were approved. They have now developed into a non-public sector that accounts for 80 percent of urban employment, 70 percent of technological innovations, 60 percent of economic output and 50 percent of tax revenue in China. In 2018, 28 private companies have made their way into the Fortune 500 list.

He stressed that a systematic and profound reform is urgently needed to address deeply-rooted problems in military policies and institutions, fully release the efficacy of national defense and military reforms, open a new ground for building strong armed forces, and seize the initiative in military competition and warfare.