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Students from Futian primary school nearby the massive Yiwu International Trade Market have already regarded Santa as their neighbor. "Santa Claus is not from the Arctic or Finland, but from Yiwu."

It also vividly demonstrates the spirit of helping each other among countries in the region, Xi added.

The meeting underlined the tremendous resilience and potential of China's economy despite the notable impact brought about by the epidemic.

Although large cities still contributed to a larger amount of consumption, that of lower-tier cities and rural regions continued to grow fast. A report from Morgan Stanley predicted that consumption in China's smaller cities could triple by 2030 from 2018.

"We expect to receive 2.5 million Chinese tourists in the entirety of 2019," he said. "The growth of Chinese tourists has greatly contributed to boosting Cambodia's economy and to reducing poverty via job creations."