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He said China and Russia welcome and support the notable improvement in the situation on the peninsula and appreciate the efforts made by relevant parties, including the DPRK and South Korea.

China supports the conciliation and cooperation between South Korea and the DPRK, and hopes that the relevant parties will meet each other half way and to make joint efforts in further easing the situation on the Korean Peninsula and pushing forward the political settlement process on the peninsula issue, Han said.

Xi, also general secretary of the CPC Central Committee and chairman of the Central Military Commission, delivered a speech to a festival reception at the Great Hall of the People in Beijing, greeting all Chinese on the mainland, in Hong Kong, Macao, Taiwan and abroad.

It also vowed to finish the building of a moderately prosperous society in all respects by that time.

China and Russia will coordinate in preparation of a series of activities on the highest level and implement agreements reached by the heads of state afterwards, Wang said.