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Welcoming the new members, Xi called on the SCO to "carry forward the fine tradition of solidarity and coordination."

In the autumn of 2013, respectively in Kazakhstan and Indonesia, I proposed the building of the Silk Road Economic Belt and the 21st Century Maritime Silk Road, which I call the Belt and Road Initiative. As a Chinese saying goes, "Peaches and plums do not speak, but they are so attractive that a path is formed below the trees." Four years on, over 100 countries and international organizations have supported and got involved in this initiative. Important resolutions passed by the UN General Assembly and Security Council contain reference to it. Thanks to our efforts, the vision of the Belt and Road Initiative is becoming a reality and bearing rich fruit.

"Countries need to unleash new drivers of global growth through innovation. It is important to advance the in-depth development of the digital economy and new industrial revolution, increase investment in infrastructure, and employ fiscal and monetary policies and conduct structural reform to achieve strong, sustainable, balanced and inclusive growth of the world economy," the president said.

Industrial companies with annual revenues of more than 20 million yuan (about 2.92 million U.S. dollars) reported profits of 2.28 trillion yuan in the first four months, a 24.4-percent increase from one year earlier, the NBS said in a statement.

Under the new methodology, when "significant distortion" is recognized in an exporting country, the EU could use the costs of production and sale prices in a country with similar levels of economic development or "international" costs and prices reference in anti-dumping cases.