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China will firmly stay committed to reform and opening-up, increase common interests with various countries and promote coordination among major countries, Xi said.

China will uphold long-term leasing as a cornerstone in developing the rental housing market, with a spate of policies on the way to encourage people to rent instead of buying.

China would score very well on investment, quality of education and speed of technological progress over the past four decades of rapid growth, thanks mainly to the central values that characterize the Confucian culture, which are the importance attached to education and thrift.

China's central bank carried out mock transactions using digital fiat currency with some commercial banks in June, a step aimed at exploring tech challenges involved in using government-backed digital money, according to central bank officials.

China's GDP was stable in the first quarter but March data points to weakness ahead, led by the eased growth of industrial production and slowed fixed asset investment. The PPI rose 3.1 percent year-on-year in March down from 3.7 percent in February, according to the National Bureau of Statistics.