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Xi's speech was an opportunity to clarify the country's position on a few global economic issues, said Mahmoud Raya, director of the "China in Arab Eyes" news website. Raya said the speech is an invitation no one can reject except those who wish to protect their own selfish interests.

A further opening of China on the basis of reciprocity is to the advantage of all participants in the international arena, he added.

-- Over the past 40 years, the Chinese people have pursued development with a single focus and made lives better for ourselves. Guided by a people-centered development philosophy, between 1978 and 2017 China raised its per capita disposable income by 22.8 times, lifted 740 million people out of poverty and doubled the number of jobs created. We have achieved free compulsory primary and middle-school education nationwide and established the world's biggest social safety net. Thanks to these accomplishments, our people now feel more secure and have a greater sense of fulfillment and contentment.

China is ready to work with Singapore to set up cooperation platforms for connectivity, financial support and third-party cooperation, so as to upgrade economic and trade cooperation and deepen financial cooperation, Li told more than 1,000 people from Singapore's economic and business circles.

The leaders said CIIE shows China's open mind for inclusiveness and responsibility as a major country. They spoke highly of and warmly welcomed Xi's keynote speech at the opening ceremony.