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At the BFA annual conference, the president unveiled new measures for expanding reform and opening-up, including significantly broadening market access, creating a more attractive investment environment, strengthening protection of intellectual property rights, and taking the initiative to expand imports.

At the invitation of UN Secretary-General Antonio Guterres, Xi visited the UN Office in Geneva, Switzerland, and gave a keynote speech at Palace of Nations on Jan. 18, 2017.

At the end of July, Fed policymakers cut interest rates for the first time since 2008.

At the opening ceremony of the Boao Forum for Asia (BFA) Tuesday, Xi spoke of "a new phase of opening up" for the shared prosperity of China and the world.

At present, the number of micro and small-sized enterprises applying to extend their payments on principal and interest only accounted for five percent of the total, Gu added.