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BEIJING, Jan. 2 (Xinhua) -- President Xi Jinping's speech Wednesday is of great significance and charts the course for cross-Strait relations in the new era, overseas Chinese said.

"The trade negotiation between the Unites States and China has a direct influence on the currency markets," said Anthony Minardo, vice president and FX trader for Bank Leumi USA. "There will be a massive increase in currency volatility and large revaluations of global currencies (in case of deterioration of trade tensions)."

Chairing a plenary meeting of the State Council, which discussed a draft version of the government work report and analyzed economic work in the first quarter of 2019, Li said the country faces a more complicated development environment this year, with growing challenges and downward pressure on the economy, creating arduous tasks for the government.

He had an in-depth exchange of views with Musk on topics such as the development of the new energy automobile industry and the collaborative innovation cooperation covering science, technology and cultural areas.

People-to-people connections and friendship between the two countries constitute the foundation of their relationship, he added.