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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.

This fully exposed that the U.S. side was the major malicious forces behind the turbulence in Hong Kong, and their real intent was to mess up Hong Kong and undermine China's stability and development, he said.

As the world's second-largest economy, China has deepened reform and opening-up across the board and actively pursued mutually beneficial cooperation to provide impetus and confidence for the world to cope with the deepest recession since World War II.

Meanwhile, it is necessary to be aware that China remains weak in fields such as basic research, indigenous innovation, and some key technologies, he said.

In a joint statement, the United States, Australia, Canada, New Zealand and the UK called on the Chinese government to reconsider actions against Hong Kong's legislature and reinstate the disqualified LegCo members.