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China's COVID-19 vaccine development has entered the "final sprint," with five vaccines undergoing phase-3 clinical trials.

Xi pointed out that the top-level design for IPR protection should improve. China will create a national plan for IPR protection and application for the 14th Five-Year Plan period from 2021 to 2025, specifying goals, tasks, measures and a blueprint for implementation. The plan should strictly protect IPR, ensure public interests, and create incentives for innovation.

Efforts from anti-corruption organs were also urged to ensure officials "do not dare to be, are not able to be, and do not want to be corrupt," and to make anti-corruption work more standardized and law-based so as to provide a strong guarantee for embarking on a new journey to fully build a modern socialist China, according to the meeting.

Xi said the new development paradigm will enable China to fully unlock its market potential and create greater demand for other countries.

Xi's proposals to deepen solidarity and cooperation in jointly coping with COVID-19, prioritize people's livelihood by eradicating poverty and build a BRICS partnership on the new industrial revolution are "crucial," he added.